Telephone And Data Systems Expects 2024 Guidance For US cellular Service Revenues At $2.95B-$3.00B (Prior $2.95B-$3.05B), Reiterated TDS Telecom Total Operating Revenues To $1.05B-$1.08B
Portfolio Pulse from Benzinga Newsdesk
Telephone and Data Systems (TDS) has updated its 2024 guidance for UScellular, adjusting service revenue expectations to $2.95B-$3.00B from the previous $2.95B-$3.05B. TDS Telecom's total operating revenues remain unchanged at $1.05B-$1.08B.
November 01, 2024 | 11:36 am
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NEUTRAL IMPACT
Telephone and Data Systems (TDS) has revised its 2024 guidance for UScellular, slightly lowering the upper range of service revenue expectations. TDS Telecom's revenue guidance remains unchanged.
The adjustment in UScellular's service revenue guidance is minor, indicating stable expectations. TDS Telecom's unchanged revenue guidance suggests steady performance. The impact on TDS's stock price is likely neutral as the changes are not significant.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80