Telus reports sharp drop in first-quarter profit and revenue
Updated
Updated · MarketWatch · May 8
Telus reports sharp drop in first-quarter profit and revenue
9 articles · Updated · MarketWatch · May 8
Net income fell to C$144 million, or C$0.09 a share, from C$301 million a year earlier, while adjusted earnings of C$0.23 beat analysts' C$0.22 estimate.
Revenue slipped to C$5.01 billion from C$5.06 billion, missing forecasts for no change, as 1% service-revenue growth was offset by weaker mobile device sales and other income.
The Canadian telecom company added 12,000 mobile phone subscribers, below analysts' 19,000 estimate, plus 229,000 connected devices and 21,000 internet customers in the quarter.
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