CHICAGO (AP) — CHICAGO (AP) — Telephone & Data Systems Inc. (TDS) on Monday reported second-quarter profit of $12 million.
The Chicago-based company said it had net loss of 5 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The parent of U.S. Cellular and TDS Telecom posted revenue of $1.19 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $1.17 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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