Telephone And Data Systems Q4 Loss Narrows

(RTTNews) - Telephone and Data Systems Inc. (TDS) Friday announced fourth quarter net loss available to common shareholders of $844 thousand compared to net loss of $16.553 million last year. Loss per share narrowed to $0.01 from $0.15 a year ago.

On average, 4 analysts polled by Thomson Reuters expected the company to record a loss of $0.32 per share. Analysts estimates usually exclude special items.

Operating revenue for the quarter declined to $1.274 billion from $1.297 billion a year ago. Revenue for US cellular was $987.04 million, down from $1.008 billion last year. Wall Street expected $1.32 billion.

Looking ahead to the full year 2016, the company expects operating revenues in a range of $3.900 to $4.100 billion. Adjusted EBITDA is projected to in a range of $725 to $850 million. Street projects $0.07 per share on revenue of $5.29 billion.