TELUS Corporation (NASDAQ:TU) Reports 1Q18 Results Miss Street View

TELUS Corporation

TELUS Corporation (NASDAQ:TU) reported net income for the first quarter of C$ 410.00 million or C$ 0.73 per share, compared to income of C$ 414.00 million or C$ 0.71 per share for the year-ago quarter.

The company reported first quarter adjusted net income of C$ 435.00 million or C$ 0.73 per share.

The topline results for the first quarter rose 6% to C$ 3.38 billion from C$ 3.18 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected TELUS Corporation to report income of C$ 0.75 per share on revenue of C$ 3.36 billion for the first quarter.

TELUS’ first quarter results reflect strong operational and financial performance, including healthy revenue and EBITDA expansion across both our wireless and wireline product portfolios in concert with robust customer growth, said Darren Entwistle, President and CEO of TELUS.

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