Telephone And Data Systems Working To Improve Subscriber Results In Challenging Market: Here's Details
Portfolio Pulse from Nabaparna Bhattacharya
Telephone And Data Systems, Inc. (TDS) reported Q3 FY23 revenues of $1.278 billion, a decrease of 8% Y/Y, and a loss of $(0.16), missing the consensus of ($0.11) loss. TDS and UScellular (USM) are exploring strategic alternatives for USM, with TDS owning approximately 83% of USM. USM revenues declined 11% to $963 million. TDS exited the quarter with cash and equivalents worth $293 million and long-term debt of $3.840 billion. TDS shares are trading higher by 2.26% to $19.47.
November 03, 2023 | 5:23 pm
News sentiment analysis
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POSITIVE IMPACT
TDS reported a decrease in revenues and a loss for Q3 FY23, but shares are trading higher. The company is exploring strategic alternatives for USM, of which it owns 83%.
TDS reported a decrease in revenues and a loss for Q3 FY23, which could negatively impact investor sentiment. However, the company's shares are trading higher, indicating that the market may be reacting positively to the news of exploring strategic alternatives for USM.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
USM revenues declined 11% to $963 million. TDS and USM are exploring strategic alternatives for USM.
USM's revenues declined, which could negatively impact investor sentiment. However, the news of exploring strategic alternatives with TDS could potentially have a positive impact in the future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75