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TDS slightly misses Q3 revenue estimates, lowers FY guidance

By Reuters News


Overview

  • US telecom and tower operator's Q3 revenue slightly missed analyst expectations

  • Diluted EPS fell to $0.26 from $0.33 a year ago

  • Company authorized incremental $250 mln share repurchase plan


Outlook

  • TDS Telecom lowers 2026 revenue outlook to $990 mln-$1.01 bln from $1 bln-$1.025 bln

  • TDS Telecom cuts 2026 adj OIBDA forecast to $280 mln-$300 mln from $300 mln-$320 mln

  • Company raises 2026 capital expenditures outlook for TDS Telecom to approx $750 mln from $625 mln-$675 mln


Result Drivers

  • LEGACY DECLINES AND DIVESTITURES - Residential fiber revenue grew 14% but was more than offset by impacts of divestitures and continued declines in legacy services

  • TOWER OPERATIONS - Array increased colocations sequentially and site rental revenues grew 14% yr/yr, highlighting asset value and improved profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$306.69 mln

$309.25 mln (3 Analysts)

Q3 EPS

$0.26

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Reuters Recommended Reads

  • Nov 6 - Charter Communications slightly misses Q3 revenue estimates, posts loss on franchise impairment

  • Nov 4 - Lumen Q3 revenue falls 12%, slightly misses estimates

  • Nov 5 - European telcos raise payouts as earnings improve in Q3


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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