Telephone and Data Systems Third Quarter 2024 Earnings: EPS Misses Expectations

Telephone and Data Systems (NYSE:TDS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.22b (down 4.2% from 3Q 2023).
• Net loss: US$83.0m (loss widened by 388% from 3Q 2023).
• US$0.73 loss per share (further deteriorated from US$0.15 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Telephone and Data Systems EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in the US are expected to grow by 4.4%.

Performance of the American Wireless Telecom industry.

The company's shares are down 5.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Telephone and Data Systems you should be aware of.

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