What's Going On With TDS And UScellular Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Telephone And Data Systems, Inc. (TDS) and United States Cellular Corporation (USM) are exploring strategic alternatives, causing TDS stock to jump over 28%. TDS owns 83% of UScellular. Both companies reported Q2 FY23 revenues below consensus, with TDS reporting a loss of $(0.17) per share and UScellular reporting earnings of $0.05 per share. TDS sees FY23 UScellular sales of $3.025 billion-$3.075 billion.
August 04, 2023 | 3:30 pm
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POSITIVE IMPACT
TDS stock jumped over 28% following the decision to explore strategic alternatives for UScellular. Q2 FY23 revenues were below consensus and the company reported a loss.
The decision to explore strategic alternatives for UScellular, of which TDS owns 83%, has led to a significant increase in TDS stock. However, the company's Q2 FY23 revenues were below consensus and it reported a loss, which could potentially impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UScellular is exploring strategic alternatives with TDS, causing its stock to rise. The company reported Q2 FY23 earnings of $0.05 per share, below the analyst consensus.
The decision to explore strategic alternatives with TDS has led to a rise in UScellular's stock. However, the company's Q2 FY23 earnings were below the analyst consensus, which could potentially impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100