CHICAGO-U.S. Cellular Corp. and its parent company, Telephone and Data Systems Inc., again delayed the release of their financial results for the third quarter of 2005.
The two companies have until Feb. 28 to file their results for last year’s third quarter, as well as restated results going back as far as 2000. U.S. Cellular and TDS had planned to announce their results on Jan. 26 to meet a previous filing extension deadline of Jan. 31. The American Stock Exchange had initially notified the companies in November that their tardiness in filing put them out of compliance with AMEX listings standards, and has since granted the companies three separate reprieves.
The companies did not give a new date for when they would announce their results. The companies said that the accounting errors that prompted the delays chiefly affect the third quarter of 2004, resulting in a tax benefit for that quarter representing a decrease in income tax expense and an increase in net income and earnings per share.
