Telephone And Data Systems Q1 Profit Rises; Beats View - Quick Facts

(RTTNews) - Telephone and Data Systems, Inc. (TDS) reported first-quarter net income available to TDS shareholders of $39 million or $0.34 per share, up from $37 million or $0.33 per share in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter declined 1 percent to $1.23 billion from $1.24 billion in the same period last year. Analysts had a consensus revenue estimate of $1.25 billion.

Looking ahead, the company affirmed its fiscal 2018 outlook for total operating revenues of $5.015 billion to $5.265 billion and adjusted EBITDA of $1.075 billion to $1.255 billion.

The Street expects revenues of $5.11 billion for the year.