Telus Corporation reports Q3 earnings, highlights strong telecom customer growth

Telus (NYSE:) Corporation’s Q3 2023 earnings conference call, led by Robert Mitchell and executives including Darren Entwistle, revealed an EPS of $0.19, slightly below the anticipated $0.2. The discussion centered around the company’s third-quarter performance, noting potential risks disclosed in public filings that could affect actual results.

The executives underscored a sequential EBITDA improvement and margin expansion in the DLCX segment. Additionally, the TTech business segment’s strong performance was emphasized, reflecting positively on the company’s diverse portfolio.

Notably, Telus reported a record telecom customer growth with 406,000 net additions, marking a significant 17% YoY increase. This remarkable surge was attributed to robust demand for their bundled services, superior service offerings, and digital capabilities.

The company’s world-leading wireless and PureFibre broadband networks played a pivotal role in this growth. The team’s dedication to exceptional customer service was reflected in these strong numbers, reinforcing Telus’ position as a leading player in the telecom industry.

InvestingPro Insights

InvestingPro data reveals that Telus Corporation has a market cap of 113.54B USD and a significant 1-year price total return of -7.51%. Despite a negative P/E ratio of -15.35, analysts predict a profitable year ahead. Moreover, the company has seen a revenue growth of 1.04% over the last twelve months as of Q3 2023.

InvestingPro tips highlight that Telus is a prominent player in the Diversified Telecommunication Services industry and has maintained dividend payments for 25 consecutive years. Furthermore, 4 analysts have revised their earnings upwards for the upcoming period. This aligns with the company’s recent Q3 2023 earnings conference call where the executives underscored a sequential EBITDA improvement.

These insights, along with over 10 additional tips, are available on InvestingPro’s platform. This data can provide valuable guidance to investors, helping them make informed decisions about their investments in Telus Corporation.

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