Telephone And Data Systems Posts Profit In Q2, Beats View - Quick Facts

(RTTNews) - Telephone and Data Systems, Inc. (TDI, TDS) reported second-quarter net income available to common shareholders of $23.03 million or $0.21 per share, compared to net loss of $22.05 million or $0.20 per share in the prior-year quarter.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter increased 3 percent to $1.27 billion from $1.24 billion last year. Analysts had a consensus revenue estimate of $1.30 billion for the quarter.

LeRoy Carlson, Jr., TDS president and CEO said, "U.S. Cellular added postpaid customers and improved customer loyalty. TDS Telecom achieved growth in IPTV customers and continued to move forward with cable, broadband, and hosted and managed services strategies."

For 2015, the company now forecasts operating revenue in a range of $5.145 billion to $5.295 billion, down from the prior range of $5.145 billion to $5.395 billion. Analysts expect the company to report fiscal 2015 revenue of $5.21 billion.

However, the company raised its outlook for fiscal 2015 adjusted EBITDA to a range of $890 million to $1.02 billion, from the prior range of $870 million to $1.00 billion.