Telus: Q2 Earnings Snapshot

August 5, 2022 GMT

VANCOUVER, British Columbia (AP) _ Telus Corp. (TU) on Friday reported second-quarter profit of $366.7 million.

The Vancouver, British Columbia-based company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring gains, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The telecommunications company posted revenue of $3.45 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.44 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