5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

TDS, U.S. Cellular Accounting Errors Stall Q1 Earnings

By Staff Author | May 6, 2010

U.S. Cellular’s parent company says it will delay issuing its first-quarter financial results until Monday after discovering accounting errors going back to 2007.

TDS found that it had overstated service revenues and understated sales tax liabilities in 2007, 2008 and 2009. Although TDS called the errors “immaterial” on an individual basis, the company said the cumulative effect of the errors “would be material to the first quarter and would impact comparisons to prior periods.”

TDS between now and Monday plans to adjust its previously reported annual and quarterly results to account for the errors. The company will also record other “immaterial out of period items,” including adjustments related to rent expense disclosed in its 2009 annual report.

TDS and its wireless division, U.S. Cellular, had planned to announce earnings today. Analysts polled by Yahoo! Finance and Bloomberg expected the company to make $0.46 per share on sales of $1.26 billion in the first quarter ended March 31. TDS made $0.64 per share on sales of $1.25 billion during the same period last year.

Shares of TDS fell over 2.5 percent by 9 a.m. Central.


Filed Under: Carriers

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

eSIM
eSIM eases changing carriers for phones and IoT
QoE and QoS comparison
Benchmarking in 5G: More important than ever
iPhone 12
I bought a 5G phone, now what?
6G
Key takeaways from 6G Symposium

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: Internet of Things
Explore practical strategies for minimizing attack surfaces, managing memory efficiently, and securing firmware. Download now to ensure your IoT implementations remain secure, efficient, and future-ready.

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World