Telephone And Data Systems Reaffirms 2024 Guidance ForUScellular Service Revenues At $2.95B-$3.05B; Revised TDS Telecom Total Operating Revenues To $1.05B-$1.08B (Vs. $ 1.07B-$1.10B Prior)
Portfolio Pulse from Benzinga Newsdesk
Telephone and Data Systems (TDS) has reaffirmed its 2024 guidance for UScellular service revenues at $2.95 billion to $3.05 billion. However, it has revised its TDS Telecom total operating revenues to $1.05 billion to $1.08 billion, down from the previous range of $1.07 billion to $1.10 billion.
August 02, 2024 | 11:34 am
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Telephone and Data Systems (TDS) reaffirmed its 2024 guidance for UScellular service revenues but revised its TDS Telecom total operating revenues downward.
The reaffirmation of UScellular service revenues is a positive sign, but the downward revision of TDS Telecom's total operating revenues could offset this. The net impact on TDS's stock price is likely to be neutral in the short term.
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