CHICAGO (AP) — CHICAGO (AP) — Telephone & Data Systems Inc. (TDS) on Thursday reported first-quarter net income of $8 million.
On a per-share basis, the Chicago-based company said it had net income of 8 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The parent of U.S. Cellular and TDS Telecom posted revenue of $1.3 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.33 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDS at https://www.zacks.com/ap/TDS
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