CHICAGO (AP) _ Telephone & Data Systems Inc. (TDS) on Friday reported third-quarter net income of $46 million, after reporting a loss in the same period a year earlier.
The Chicago-based company said it had net income of 40 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The parent of U.S. Cellular and TDS Telecom posted revenue of $1.3 billion in the period.
TDS shares have increased almost 8 percent since the beginning of the year. The stock has risen 5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDS at https://www.zacks.com/ap/TDS