TELUS Q4 Adjusted Earnings, Revenue Fall; CEO Darren Entwistle to Retire

MT Newswires Live

02/12

TELUS (TU) reported Q4 adjusted basic earnings Thursday of 0.20 Canadian dollars ($0.15) per share, down from CA$0.25 a year earlier.

Analysts polled by FactSet expected CA$0.25.

Operating revenue and other income for the quarter ended Dec. 31 was CA$5.26 billion, compared with CA$5.38 billion a year earlier.

Analysts surveyed by FactSet expected CA$5.39 billion.

Additionally, the company said its chief executive officer, Darren Entwistle, will retire from his position on June 30 and that the board has named Victor Dodig as the new CEO, effective July 1.

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