Telephone And Data Systems Reports Net Income In Q2

Telephone and Data Systems (TDS) swung to profit in Q2 with net income attributable to common shareholders of $281.06M versus a prior-year loss of $5.74M. EPS was $2.42 compared with a prior-year loss of $0.05, indicating a clear earnings inflection and likely a positive read-through for the stock.

Analysis

Telephone and Data Systems (TDS) swung to profit in Q2 with net income attributable to common shareholders of $281.06M versus a prior-year loss of $5.74M. EPS was $2.42 compared with a prior-year loss of $0.05, indicating a clear earnings inflection and likely a positive read-through for the stock.