Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

TELUS Posts Higher Q1 Profit - Quick Facts

RELATED NEWS
Trade TU now with 

TELUS Corp. (TU: Quote,T.TO: Quote, T_A.TO) posted first quarter net income of C$348 million versus C$328 million last year. Earnings per share were C$1.06, up from C$1.00 in the same quarter last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of C$1.04 per share. Analysts' estimates typically exclude special items.

Operating revenues were up to C$2.62 billion from C$2.51 billion in the prior-year quarter. Analysts expected revenues of C$2.65 billion.

The increase in revenue was generated by nearly six per cent growth in wireless revenue and two per cent growth in wireline revenue, both driven by strong data growth.

Darren Entwistle, TELUS President and CEO said, "TELUS continues to build upon our company's operational momentum as we delivered the most TV, high speed Internet and wireless client net additions, the highest wireless ARPU and the lowest wireless churn amongst our Canadian telco and cableco peer group. This led to strong results, with wireline data revenue growth of 13 per cent and wireless data revenue growth of 36 per cent. Consolidated financial results were driven by outstanding wireless revenue and margin enhancement...

..We continue to be relentless in identifying opportunities for appropriate cost reduction and based on the increased initiatives in the pipeline, we now expect 2012 restructuring expenses to double to $50 million from the previous estimate. Despite this change, the full year 2012 wireline profitability target range remains achievable and accordingly, we re-affirm our existing full year consolidated annual targets."

For the full year 2012, Telus still expects earnings in the range of C$3.75 to C$4.15 per share and consolidated revenue growth over 2011 of between 4 and 6.5 percent. Analysts expect the company to earn C$3.98 per share, on revenues of C$10.86 billion.

Register
To receive FREE breaking news email alerts for TELUS Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.