Telephone & Data Systems Inc Announces 75% Fall In Q3 Earnings

(RTTNews) - Telephone & Data Systems Inc (TDI) reported a profit for third quarter that dropped from last year.

The company said its profit came in at $13 million, or $0.11 per share. This was down from $51 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.1% to $1.30 billion. This was down from $1.37 billion last year.

Telephone & Data Systems Inc earnings at a glance:

-Earnings (Q3): $13 Mln. vs. $51 Mln. last year. -Earnings Decline (Y-o-Y): -74.5% -EPS (Q3): $0.11 vs. $0.46 last year. -EPS Decline (Y-o-Y): -76.1% -Analysts Estimate: $0.16 -Revenue (Q3): $1.30 Bln vs. $1.37 Bln last year. -Revenue Change (Y-o-Y): -5.1%

-Guidance: Full year revenue guidance: $5.040 - $5.290 Bln