Post by
retiredcf on Feb 12, 2023 10:18am
More Analysis
Consolidated revenues were up 3.8% year-over-year to $5.1 billion in the quarter, and Telus booked 112,000 mobile phone net additions. The average revenue per user rose 2.2% (mostly due to higher roaming fees with increased travel). Adjusted earnings per share of $0.23, the same as last year, missed estimates of $0.28. The miss was driven by higher financing costs and employee benefit expenses. Management forecasts its operating revenue to grow 11 to 14% for 2023, with capital spending plans in line with street estimates of $2.6 billion. It wasn't the company's best quarter, but we would not sell based on this. We would rate it a buy. (5iResearch)