Telus Q2 Performance: Topline Miss Expectations, Total Subscribers Grow 7% and More
Portfolio Pulse from Anusuya Lahiri
Telus Corp (NYSE: TU) reported Q2 FY23 revenues of $3.68 billion, missing the consensus of $3.69 billion. Total telecom subscriber connections grew 7% Y/Y to 18.5 million. Adjusted EPS was $0.14, down by 40.6% Y/Y, missing the consensus of $0.18. The company declared a dividend of C$0.3636, in line with the prior quarter. Telus expects FY23 operating revenue growth of 9.5%-11.5%, down from the prior 11%-14%.
August 04, 2023 | 5:11 pm
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NEGATIVE IMPACT
Telus Corp reported lower than expected Q2 FY23 revenues and EPS. However, total telecom subscriber connections grew 7% Y/Y. The company declared a dividend in line with the prior quarter.
Telus Corp's lower than expected Q2 FY23 revenues and EPS could negatively impact the stock price in the short term. However, the growth in total telecom subscriber connections and the declared dividend could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100