Telephone & Data Systems Inc Q4 Loss Increases, but beats estimates

(RTTNews) - Telephone & Data Systems Inc (TDS) revealed Loss for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at -$523 million, or -$4.64 per share. This compares with -$43 million, or -$0.38 per share, in last year's fourth quarter.

Excluding items, Telephone & Data Systems Inc reported adjusted earnings of -$12 million or -$0.11 per share for the period.

Analysts on average had expected the company to earn -$0.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.2% to $1.313 billion from $1.357 billion last year.

Telephone & Data Systems Inc earnings at a glance (GAAP) :

-Earnings (Q4): -$523 Mln. vs. -$43 Mln. last year. -EPS (Q4): -$4.64 vs. -$0.38 last year. -Analyst Estimate: -$0.12 -Revenue (Q4): $1.313 Bln vs. $1.357 Bln last year.