Telephone and Data Q3 2024 Adj. EPS $0.01 Beats $(0.18) Estimate, Sales $1.224B Miss $1.249B Estimate
Portfolio Pulse from Benzinga Newsdesk
Telephone and Data Systems (TDS) reported its Q3 2024 earnings, with an adjusted EPS of $0.01, beating the estimated loss of $(0.18). However, sales were $1.224 billion, missing the $1.249 billion estimate.
November 01, 2024 | 11:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Telephone and Data Systems (TDS) reported better-than-expected Q3 2024 earnings with an adjusted EPS of $0.01, surpassing the estimated loss of $(0.18). However, the company missed sales expectations, reporting $1.224 billion against the $1.249 billion estimate.
The positive EPS surprise is likely to have a favorable impact on TDS's stock price in the short term, as it exceeded expectations significantly. However, the sales miss could temper the positive sentiment, but the EPS beat is more impactful.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100