TDS Q1 net income $12M vs year-ago loss; revenues down 3% to $1,262M

TELEPHONE & DATA SYSTEMS INC /DE/

2024-Q1 EPS reported $0.10 revenue$1,262,000,000

Net income $12M ($0.10 EPS) vs loss of $9M (-$0.08) in Q1 2023.
UScellular postpaid churn reduced 4%; fixed wireless customers up 42% to 124,000.
TDS Telecom deployed 28,000 fiber addresses in Q1, on track for 125,000 in 2024.
Full-year 2024 guidance reaffirmed; strategic alternatives review for UScellular ongoing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TELEPHONE & DATA SYSTEMS INC /DE/ reported first quarter of 2024 results: revenue total operating revenues of $1,262 million, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $12 million, EPS $0.10. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: total operating revenues of $1,262 million
Net income: Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $12 million
EPS: $0.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

TDS reports first quarter 2024 results 2024 guidance reaffirmed CHICAGO (May 3, 2024) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,262 million for the first quarter of 2024, versus $1,303 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $12 million and $0.10, respectively, for the first quarter of 2024 compared to $(9) million and $(0.08), respectively, in the same period one year ago.

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Source: SEC EDGAR

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