Telephone and Data Systems Q3 Earnings Beat Despite Lower Revenues

Telephone and Data Systems, Inc. (TDS) posted modest third-quarter 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. TDS reported a revenue decline year over year, owing to demand softness in the U.S. Cellular vertical.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.However, solid growth in residential broadband connections partially cushioned the top line. TDS Telecom deployed 32,000 marketable fiber addresses in the third qu ...