Earnings Summary Telus Corporation Reports Q3 Financial Results

Earnings Summary: Telus Corporation Reports Q3 Financial Results

Telus Corporation has announced its financial results for the third quarter of the fiscal year.

Key Financial Metrics:

Telus Corporation reported a solid financial performance in Q3 2023, with both revenue and EPS surpassing Wall Street consensus estimates. The company achieved a year-over-year revenue growth of 4.3% and a quarter-over-quarter increase of 1.4%, indicating strong operational execution. EPS also showed a healthy improvement, reflecting effective cost management and operational efficiency.

Revenue Performance by Segment:

The wireless segment outperformed expectations, driven by increased subscriber growth and higher average revenue per user (ARPU). The wireline segment met the company's guidance, supported by stable demand for internet and TV services.

Comments from Company Officers:

The CEO of Telus Corporation highlighted the company's robust performance in the wireless segment and emphasized ongoing investments in network infrastructure to support future growth. The CFO noted the company's focus on cost optimization, which contributed to the improved EPS.

Dividends and Share Repurchase Program:

Telus Corporation announced a quarterly dividend of $0.33 per share, maintaining its commitment to returning value to shareholders. No new share repurchase program was announced.

Forward Guidance:

The company provided forward guidance, projecting full-year revenue to be in the range of $14.6B to $14.8B, with an EPS target of $0.72 to $0.74, slightly above the current consensus estimates.

Stock Price Movement:

Following the earnings release, Telus Corporation's stock experienced a slight decline of approximately 0.69%, reflecting a mixed market reaction to the results and forward guidance.