Telephone And Data Systems Turns To Profit In Q1, Plans To Acquire Public Shares Of Array Digital

Telephone and Data Systems reported first-quarter net income from continuing operations to common shareholders of $146.6 million, or $1.11 per share, versus a net loss of $5.9 million, or $0.20 per share a year earlier. The swing to profitability is a clear improvement in core fundamentals and should be supportive for the stock, though the article provides no revenue or guidance details.

Analysis

Telephone and Data Systems reported first-quarter net income from continuing operations to common shareholders of $146.6 million, or $1.11 per share, versus a net loss of $5.9 million, or $0.20 per share a year earlier. The swing to profitability is a clear improvement in core fundamentals and should be supportive for the stock, though the article provides no revenue or guidance details.