Revenue Update on Telephone & Data Systems(NYSE:TDS)

Telephone & Data Systems(NYSE:TDS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $1.28B. Analysts estimated a revenue of $1.27B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.13.

Telephone & Data Systems (TDS) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -0.31% at a volume of 5,76,132. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.8799. The peak price level was also seen at $28.8799 while the days lowest was $28.39. Finally the shares closed at $28.72. The 52-week high of the shares is $32 while the 52-week low is $20.8258. According to the latest information available, the market cap of the company is $3,144 M.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Scott H Williamson (Senior Vice President) sold 13,146 shares at $28.58 per share price.Also, On Jun 14, 2016, Clarence A Davis (director) sold 1,400 shares at $28.24 per share price.On Dec 15, 2015, Prudence E Carlson (director) sold 1,385 shares at $26.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Telephone and Data Systems Inc. (TDS) is a diversified telecommunications company. The Company is engaged in providing telecommunications services. TDS conducts its Wireless operations through its subsidiary United States Cellular Corporation (U.S. Cellular). TDS provides Wireline services cable services and hosted and managed services through its wholly-owned subsidiary TDS Telecommunications Corporation. U.S. Cellular offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers. TDS Telecom operates in three segments: Wireline which provides retail telecommunications services to residential and commercial customers; Cable which provides colocation and managed services and Hosted and Managed Services which offers a suite of information technology (IT) solutions including cloud and hosting solutions managed services enterprise resource planning application management professional services and IT hardware.

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