Telephone And Data Systems Q1 Profit Up - Quick Facts

(RTTNews) - Telephone and Data Systems Inc. (TDS, TDI) said that its net income available to common shareholders for the first quarter of 2014 was $18.24 million or $0.16 per share, compared to $1.41 million or $0.01 per share in the comparable period one year ago.

Quarterly operating revenues were $1.196 billion, versus $1.309 billion for the comparable period one year ago.

Year-over-year comparisons are affected by U.S. Cellular's divestiture transaction, the deconsolidation of certain U.S. Cellular partnerships, and acquisitions at TDS Telecom, in 2013.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.41 per share and revenues of $1.20 billion. Analysts' estimates typically exclude special items.

U.S. Cellular capital expenditures for 2014 are expected to be approximately $640 million, down from $738 million in 2013.

TDS Telecom still expects operating revenues to be $1.050 billion -$1.100 billion for full-year 2014.