TELUS (TU) Q1 Earnings Beat Estimates, Revenues Increase Y/Y
Zacks Investment Research | May 10, 2019 07:27AM ET
TELUS Corporation (NYSE:TU) reported solid first-quarter 2019 financial results with healthy performance across its wireless and wireline businesses. Both the top line and the bottom line increased year over year.
Net Income
Net income for the quarter increased 4.4% year over year to C$428 million or C$0.71 per share ($321.9 million or 53 cents). EBITDA growth was partially offset by higher depreciation and amortization due to increase in asset base, resulting from investments in broadband technologies and business acquisitions as well as increased financing costs.
Adjusted net income was C$453 million or C$0.75 per share ($340.7 million or 56 cents) compared with C$435 million or C$0.73 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by a penny.
TELUS Corporation Price, Consensus and EPS Surprise
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