TDS: Q4 Earnings Snapshot

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CHICAGO (AP) — CHICAGO (AP) — Telephone & Data Systems Inc. (TDS) on Friday reported a loss of $506 million in its fourth quarter.

On a per-share basis, the Chicago-based company said it had a loss of $4.64. Losses, adjusted for asset impairment costs, were 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The parent of U.S. Cellular and TDS Telecom posted revenue of $1.31 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.

For the year, the company reported a loss of $500 million, or $5.06 per share. Revenue was reported as $5.16 billion.

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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