Telephone and Data Systems, Inc. (NYSE:TDS) shares fell Friday after the company reported its third-quarter results.
Telephone and Data Systems reported earnings per share of 33 cents.
Third-quarter operating revenue from continuing operations stood at $308.52 million.
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The company reported an operating loss of $67.97 million for the quarter.
TDS had cash, cash equivalents, and restricted cash of $937.19 million at the end of the third quarter of 2025.
The telecom giant repurchased over one million common shares during the third quarter and authorized a new $500 million share repurchase program.
During the quarter, TDS repurchased 1,077,564 common shares for a total of $40.7 million.
Segment Performance
TDS Telecom reported third-quarter revenue of $255.11 million, down 3% year-over-year, reflecting a $6 million impact from non-strategic asset divestitures.
The company continued to expand its fiber footprint, delivering 42,000 new marketable addresses and adding 11,200 residential fiber connections.
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