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TDS: 4Q Earnings Snapshot

CHICAGO (AP) _ Telephone & Data Systems Inc. (TDS) on Friday reported fourth-quarter net income of $16 million.

The Chicago-based company said it had net income of 14 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The parent of U.S. Cellular and TDS Telecom posted revenue of $1.33 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.34 billion.

For the year, the company reported profit of $135 million, or $1.17 per share. Revenue was reported as $5.11 billion.

TDS shares have risen 13 percent since the beginning of the year. The stock has risen 45 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