Telephone & Data Systems (NYSE: TDS) reported Q1 EPS of $0.34, $0.13 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.25 billion.

"The TDS family of companies, in total, made a strong start to the year," said LeRoy T. Carlson, Jr., TDS President and CEO. "U.S. Cellular drove outstanding customer loyalty and increased its profitability, and successfully implemented continuous improvement initiatives throughout the business. TDS Telecom created momentum from its network investments and federal A-CAM funding to grow its broadband customers.

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