Telephone & Data Systems Inc Q1 Profit Falls 95%

(RTTNews) - Telephone & Data Systems Inc (TDI) released earnings for first quarter that dropped from last year.

The company said its bottom line came in at $8 million, or $0.07 per share. This was down from $146 million, or $1.33 per share, in last year's first quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.8% to $1.24 billion. This was down from $1.25 billion last year.

Telephone & Data Systems Inc earnings at a glance:

-Earnings (Q1): $8 Mln. vs. $146 Mln. last year. -Earnings Decline (Y-o-Y): -94.5% -EPS (Q1): $0.07 vs. $1.33 last year. -EPS Decline (Y-o-Y): -94.7% -Analysts Estimate: $0.10 -Revenue (Q1): $1.24 Bln vs. $1.25 Bln last year. -Revenue Change (Y-o-Y): -0.8%

-Guidance: Next quarter revenue guidance: $5.04 - 5.29 Bln