Topic: How To Invest

The Successful Investor Hotline – Friday, May 10, 2019

Article Excerpt

TELUS CORP., $49.15, Toronto symbol T, is Canada’s third-largest wireless carrier after Rogers Communications (No. 1) and Bell Mobility (No. 2). The company’s wireless business has 9.7 million subscribers and supplies about 55% of its revenue and 70% of its earnings. The remaining 45% of revenue and 30% of Telus’ earnings come from its wireline business. That operation has 1.2 million landline phone customers in B.C., Alberta and eastern Quebec as well as 1.9 million Internet users and 1.1 million TV customers. In the three months ended March 31, 2019, earnings rose 4.1%, to $453 million from $435 million a year earlier. Due to more shares outstanding, earnings per share rose at a slower rate of 2.7%, to $0.75 from $0.73. That matched the consensus estimate. Revenue in the quarter improved 3.8%, to $3.51 billion from $3.38 billion. That also matched the consensus forecast. The company added 60,000 new wireless subscribers (net of cancellations) in the quarter. That represents a 57.9% increase from 39,000…

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