TDS posts revenue increase, bigger net loss in Q3

Monday 3 November 2014 | 11:10 CET | News
US operator Telephone and Data Systems (TDS) reported operating revenues of USD 1.280 billion for the third quarter, representing a year-over-year increase from USD 1.181 billion. Its net loss was USD 116.0 million or USD 1.07 per share, widening from net loss of USD 9.5 million or USD 0.09 per share a year ago. This was due to a USD 84 million goodwill impairment charge related to the HMS segment and USD 30 million to adjust valuation allowances on deferred tax assets. For the full year, TDS raised its outlook slightly for TDS Telecom its fixed-line business. It now expects USD 1.075-1.125

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Categories: Fixed
Companies: Telephone and Data Systems
Countries: United States
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