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Telus: Q1 Earnings Snapshot

May 6, 2022 GMT

VANCOUVER, British Columbia (AP) _ Telus Corp. (TU) on Friday reported first-quarter profit of $304 million.

The Vancouver, British Columbia-based company said it had net income of 22 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The telecommunications company posted revenue of $3.38 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $3.41 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TU at https://www.zacks.com/ap/TU