Telephone and Data Systems, Inc. Reports Net Loss of $19 Million for Q2 2023
Operating Revenues Total $1.27 Billion in Q2 2023, Down from Previous Year
By USInMinutes
Published - Aug 04, 2023, 12:55 PM ET
Last Updated - Aug 04, 2023, 12:55 PM EDT
Telephone and Data Systems, Inc. (TDS), a leading telecommunications company, has released its consolidated financial statements for the three and six months ended June 30, 2023. The company reported a net loss of $19 million in the second quarter, compared to a net income of $18 million in the same period last year. The operating revenues for the quarter amounted to $1.27 billion, which is a decrease compared to $1.35 billion in Q2 2022.
Net Income/Loss
During the second quarter of 2023, TDS reported a net loss of $19 million, a significant drop from the net income of $18 million recorded in the same quarter of 2022.
Revenue
