Telephone & Data Systems Inc Bottom Line Declines 64% In Q2

(RTTNews) - Telephone & Data Systems Inc (TDI) announced a profit for second quarter that lost ground from last year.

The company said its bottom line came in at $10 million, or $0.09 per share. This was down from $28 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.8% to $1.25 billion. This was down from $1.30 billion last year.

Telephone & Data Systems Inc earnings at a glance:

-Earnings (Q2): $10 Mln. vs. $28 Mln. last year. -Earnings Decline (Y-o-Y): -64.3% -EPS (Q2): $0.09 vs. $0.25 last year. -EPS Decline (Y-o-Y): -64.0% -Analysts Estimate: $0.16 -Revenue (Q2): $1.25 Bln vs. $1.30 Bln last year. -Revenue Change (Y-o-Y): -3.8%

-Guidance: Full year revenue guidance: $5015 - $5265 Mln