Telus Quarterly report
Telus quarterly profit hit may set up 2010 gains
By Susan Taylor
OTTAWA (Reuters) - Telus Corp posted a big drop in quarterly profit on Friday, ending a year of heavy spending and restructuring that analysts say positions Canada's No. 2 phone company well for 2010.
Telus, which launched a high-speed wireless network in November, more than doubled the amount it spent on restructuring in the fourth quarter, compared with its year-before quarter, and shelled out more money for its pension plan.
"2009 stacked up to be a year of investment and I think they're going to recoup that going forward," said Troy Crandall, a telecoms analyst at MacDougall, MacDougall & MacTier.
"They reiterated their outlook for 2010, which was nice to see...It's 2010 that counts."
https://www.globeinvestor.com/servlet/story/ROC.20100212.2010-02-12T212145Z_01_TRE61B2IC_RTROPTT_0_CBUSINESS-US-TELUS/GIStory/
TELUS FUTURE ANNUAL EARNINGS GROWTH ( ESTIMATION)
|
2010 |
2011 |
2012 |
2013 |
| Current Mean (as of 2/11/2010) |
$3.06 |
$3.30 |
$3.95 |
$4.13 |