Telus: Q4 Earnings Snapshot

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Telus Corp. (TU) on Thursday reported fourth-quarter profit of $182.7 million.

The Vancouver, British Columbia-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs, were 17 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The telecommunications company posted revenue of $3.73 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.68 billion.

For the year, the company reported profit of $1.24 billion, or 88 cents per share. Revenue was reported as $14.16 billion.


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