Published on 12 Feb 2024 on Zacks via Yahoo Finance
TELUS (TU) Q4 Earnings Beat Estimates, Revenues Increase Y/Y
TELUS Corporation TU reported fourth-quarter 2023 adjusted earnings per share (EPS) of C$0.24 (18 cents per share), which remained unchanged year over year. The bottom line surpassed the Zacks Consensus Estimate of 17 cents.
Quarterly total operating revenues increased 2.8% year over year to C$5,198 million ($3,818.4 million) owing to high service revenues in TELUS technology solutions and TELUS International. The top line missed the consensus estimate of $3,902.3 million.
The upside reflects higher demand for premium bundled offerings and strong customer retention efforts, resulting in total customer net additions of 404,000 in the reported quarter.