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Mar 31, 2020
TDS Q1 2020 Earnings Report
TDS reported Q1 2020 results, showing increased revenue and net income compared to the same period last year.
Key Takeaways
TDS reported total operating revenues of $1,261 million for the first quarter of 2020, compared to $1,257 million for the same period one year ago. Net income attributable to TDS shareholders was $69 million, or $0.59 per share, compared to $59 million, or $0.50 per share, in the same period last year. The company is continuing to provide critical communications and data services during the COVID-19 pandemic, with U.S. Cellular and TDS Telecom meeting increased demands for capacity and higher speeds.
TDS Enterprise remains strong during the COVID-19 pandemic.
U.S. Cellular is successfully meeting increased demands for capacity on its network.
TDS Telecom is experiencing strong demand for wired broadband services as many customers work from home.
TDS continues to maintain a strong balance sheet with ample liquidity.
Revenue by Segment
Forward Guidance
TDS provided estimates for full-year 2020 results for U.S. Cellular and TDS Telecom, representing management's view as of April 30, 2020, and subject to change due to the uncertainty created by the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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