Telephone and Data Q1 2024 GAAP EPS $0.10 Beats $(0.08) Estimate, Sales $1.262B Beat $1.256B Estimate
Portfolio Pulse from Benzinga Newsdesk
Telephone and Data (NYSE:TDS) reported Q1 2024 earnings of $0.10 per share, surpassing the $(0.08) estimate, marking a 225% increase from the previous year. Sales reached $1.262B, slightly above the $1.256B forecast but showing a 3.15% decrease from the previous year.
May 03, 2024 | 11:32 am
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POSITIVE IMPACT
Telephone and Data's Q1 2024 earnings beat estimates with EPS of $0.10 and sales of $1.262B, indicating strong performance despite a slight sales decline.
The significant beat on both earnings per share (EPS) and sales estimates for Q1 2024 suggests a positive outlook for Telephone and Data, likely leading to increased investor confidence and potential stock price appreciation in the short term. Despite the year-over-year sales decline, the earnings beat is a strong positive signal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100