Telephone and Data Systems, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 07:37 am EST
Share
Telephone and Data Systems, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported sales was USD 1,313 million compared to USD 1,357 million a year ago. Net loss was USD 506 million compared to USD 26 million a year ago. Basic loss per share from continuing operations was USD 4.64 compared to USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 4.64 compared to USD 0.38 a year ago.
For the full year, the company reported sales was USD 5,160 million compared to USD 5,413 million a year ago. Net loss was USD 500 million compared to net income of USD 62 million a year ago. Basic loss per share from continuing operations was USD 5.05 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 5.06 compared to USD 0.07 a year ago.
Telephone and Data Systems, Inc. is a diversified telecommunications company. It provides wireless, cable and wireline broadband, video, and voice, and hosted and managed services through its businesses, UScellular, TDS Telecom and OneNeck IT Solutions. Its segments include UScellular and TDS Telecom. TDS segment provides wireless telecommunications services. UScellular segment offers a range of devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and Internet of things devices. UScellular also offers a range of accessories, including wireless essentials such as cases, screen protectors, chargers, memory cards and consumer electronics such as audio, home automation and networking products. TDS Telecom owns, operates and invests in quality networks, services and products in a mix of small to mid-sized urban, suburban and rural communities throughout the United States. TDS Telecom provides a range of broadband, video, and voice communications.
TELEPHONE AND DATA SYSTEMS, INC. 
