TELUS Corporation (USA) (TU) Releases Earnings Results, Beats Expectations By $0.01 EPS

TELUS Corporation (USA) (TU) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.69. The company posted revenue of $3148.00 million in the period, compared to analysts expectations of $3186.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

TELUS Corporation (USA) closed down -0.1 points or -0.30% at $32.72 with 1,60,715 shares getting traded on Thursday. Post opening the session at $32.83, the shares hit an intraday low of $32.6 and an intraday high of $33.02 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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