earnings
confidence high
sentiment negative
materiality 0.75
TDS Q3 net loss widens to $83M; UScellular announces $1B spectrum sale to Verizon
TELEPHONE & DATA SYSTEMS INC /DE/
2024-Q3 EPS reported
-$0.75
revenue$3,724,000,000
- Total operating revenues $1,224M, down 4% YoY; diluted EPS loss $(0.73) vs $(0.16).
- Excluding $136M spectrum impairment, adjusted net income $2M ($0.01 EPS).
- UScellular agreed to sell select spectrum to Verizon for $1B, contingent on T-Mobile deal.
- TDS Telecom fiber expansion reached 50% of addresses; residential broadband connections up 4%.
- FY2024 UScellular service revenue guidance narrowed to $2.95-3.0B; TDS Telecom guidance unchanged.