TELUS Corporation (USA) (TU) Releases Earnings Results, Reports EPS of $0.70 EPS

TELUS Corporation (USA) (TU) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.70 EPS for the quarter. Analysts had a consensus estimate of $0.70. The company posted revenue of $3108.00 million in the period, compared to analysts expectations of $3114.32 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Downgraded by TD Securities to ” Hold” on Mar 23, 2016. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 33 from a previous price target of $34 .

TELUS Corporation (USA) closed down -0.19 points or -0.61% at $30.84 with 2,65,458 shares getting traded on Wednesday. Post opening the session at $30.81, the shares hit an intraday low of $30.64 and an intraday high of $30.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.

TELUS Corporation (USA)

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