Telephone and Data Systems shares are trading lower after the company reported worse-than-expected Q3 financial results and lowered its FY24 US cellular service revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Telephone and Data Systems (TDS) shares declined following disappointing Q3 financial results and a reduction in FY24 US cellular service revenue guidance.
November 01, 2024 | 7:39 pm
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NEGATIVE IMPACT
Telephone and Data Systems reported Q3 financial results that were below expectations and reduced its FY24 US cellular service revenue guidance, leading to a decline in share price.
The company's worse-than-expected Q3 results and lowered revenue guidance are likely to negatively impact investor sentiment, causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100