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TDS Profit Rises

Stock quotes in this article: TDS , USM  

Diversified telecommunications company Telephone & Data Systems'(TDS Quote) second-quarter earnings rose 78% from the year-ago period.

The Chicago-based company earned $172.4 million, or $1.48 a share, in the quarter, compared with $97.1 million, or 83 cents a share, a year ago. For the most recent quarter TDS recorded a gain on investment of $90.3 million. Analysts polled by Thomson First Call were expecting earnings of 81 cents a share.

Second-quarter revenue rose 9.9% from a year ago to $1.07 billion. ...

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