Telephone & Data Systems Inc (TDS) has disclosed a loss in its fourth quarter, exceeding the loss from the same period the previous year, and surpassing the street estimates.
The company presented a bottom line of negative $523 million, equating to a loss of $4.64 per share. This contrasts with the previous year's fourth quarter loss of $43 million, or $0.38 per share.
When disregarding some items, Telephone & Data Systems Inc reported adjusted earnings of negative $12 million, or negative $0.11 per share for the period.
Analysts had projected the company's earning to be negative $0.12 per share, based on calculations compiled by Thomson Reuters. This prediction usually does not account for special items.
The company's revenue for the quarter experienced a decrease of 3.2%, dropping to $1.313 billion from $1.357 billion last year.
To summarize Telephone & Data Systems Inc's earnings according to Generally Accepted Accounting Principles (GAAP):
- The loss for Q4 was $523 million, an increase from the $43 million loss last year.
- Earnings Per Share (EPS) for Q4 was negative $4.64, comparing to negative $0.38 from last year.
- The analysts' estimate was predicted to be negative $0.12.
- The revenue for Q4 was $1.313 billion, a decline from $1.357 billion last year.
