Telus Corp's Q4 Revenue Growth Driven by Digital Health and Tech Solutions - What's Behind the Surge?
Portfolio Pulse from Anusuya Lahiri
Telus Corp (NYSE:TU) reported a 2.8% year-over-year increase in Q4 2023 operating revenues to C$5.198 billion, missing consensus estimates. Adjusted EPS was $0.176, exceeding expectations. TELUS Health and TTech segments showed significant growth, with total telecom subscriber connections up 7.6% Y/Y. The company forecasts revenue and EBITDA growth in FY24 and saw its shares rise by 4.12% to $17.76.
February 09, 2024 | 2:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Telus Corp reported a 2.8% increase in Q4 2023 revenues, missing estimates, but adjusted EPS exceeded expectations. Growth in TELUS Health and TTech, along with a positive FY24 outlook, contributed to a 4.12% increase in share price.
Despite missing revenue estimates, Telus Corp's growth in key segments like TELUS Health and TTech, along with a positive outlook for FY24, likely contributed to investor optimism, as reflected in the 4.12% increase in share price. The beat on adjusted EPS further supports a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100