India, Aug. 11 -- Telephone and Data Systems, Inc. (TDS) reported Monday narrower net loss in its second quarter amid weak revenues. Further, the company trimmed the higher end of its fiscal 2025 outlook range for TDS Telecom unit.
In the pre-market activity, TDS shares were losing around 3.7 percent to trade at $37.35.
In the second quarter, net loss attributable to shareholders was $5 million, compared to prior year's loss of $14 million. Loss per share was $0.05, narrower than loss of $0.13 a year ago.
Operating revenues dropped to 4 percent to $1.19 billion from prior year's $1.24 billion.
The Wall Street analysts on average expected the company to report earnings of $5.80 per share on sales of $10.44 billion. Analysts' estimates ty...