- Telephone & Data Systems (NYSE:TDS) is up 8.2%, making a new 52-week high, after posting Q1 results that beat EPS expectations, though revenue fell short of consensus.
- EPS of $1.33 (from net income of $145.7M), when adjusted, came to break-even vs. expectations of a loss of $0.01. Results were driven by those at U.S. Cellular (USM), of which TDS owns 84%.
- Aside from U.S. Cellular's 9K net postpaid customer adds, at the TDS Telecom wireline business, residential connections slipped to 588.4K from a year-ago 593.6K, but residential revenue per connection was up to $42.32 from the prior year's $40.79.
- Commercial wireline connections were 355K, down from 369.8K last year.
- Cable connections grew to 271K from last year's 149.4K.
- Along with U.S. Cellular's raised guidance, TDS raised guidance for 2015 EBITDA to $870M-$1B, from $820M-$950M (vs. an expected $816M), and for operating cash flow to $685M-$815M from $635M-$765M.
- Press release
TDS up 8.2% to 52-week high on Q1 EPS beat
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Symbol | Last Price | % Chg |
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TDS | - | - |
Telephone and Data Systems, Inc. |