CHICAGO (AP) _ Telephone & Data Systems Inc. (TDS) on Thursday reported fourth-quarter net income of $12 million.

On a per-share basis, the Chicago-based company said it had profit of 10 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The parent of U.S. Cellular and TDS Telecom posted revenue of $1.34 billion in the period.

For the year, the company reported profit of $121 million, or $1.03 per share. Revenue was reported as $5.18 billion.

TDS shares have decreased nearly 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.25, a fall of 31% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDS at https://www.zacks.com/ap/TDS

Automated Insights, source Associated Press News