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Sep 30, 2020
TDS Q3 2020 Earnings Report
UScellular and TDS Telecom reported strong subscriber and financial results, driving increases to 2020 guidance.
Key Takeaways
TDS reported total operating revenues of $1,324 million for the third quarter of 2020, versus $1,321 million for the same period one year ago. Net income attributable to TDS shareholders and related diluted earnings per share were $78 million and $0.66, respectively.
The TDS Enterprise had a strong quarter.
Impressive financial results produced by UScellular and TDS Telecom demonstrate how much our customers value our essential communications and high-quality data services.
UScellular churn remained very low and retail net additions grew through an increase in connected devices.
TDS Telecom grew its Wireline video and broadband connections, and combined with demand for higher broadband speeds, drove increases in average residential revenue per connection and total residential revenue.
Revenue by Segment
Forward Guidance
TDS’ current estimates of full-year 2020 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of November 5, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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