TELUS (TU) Q1 Earnings Beat Estimates, Revenues Decrease Y/Y

Published on 10 May 2024 on Zacks via Yahoo Finance

TELUS (TU) Q1 Earnings Beat Estimates, Revenues Decrease Y/Y

TELUS Corporation TU reported first-quarter 2024 adjusted earnings per share (EPS) of C$0.26 (19 cents per share), which decreased 3.7% year over year. The bottom line surpassed the Zacks Consensus Estimate of 18 cents.

Quarterly total operating revenues decreased 0.6% year over year to C$4,932 million ($3,658.5 million) owing to lower service revenues in TELUS technology solutions and TELUS International. The top line missed the consensus estimate of $3,726.2 million.

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