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Telus: Q3 Earnings Snapshot
Telus said adjusted earnings missed estimates as it targets about $900 million in annualized cash savings by the end of 2028.
- On Friday, Nov. 6, 2026, Telus Corp. reported a $660-million net loss in its third quarter, though its $3.59 billion in revenue beat Wall Street forecasts.
- The company took an $800-million non-cash impairment charge related to Telus Health, which was "due to updated growth expectations, broader market conditions," Telus said.
- Wireless business revenue grew one per cent, with 84,000 net new mobile customers added, while long-term debt stood at $25.9-billion, down about 5 per cent.
- Telus CEO Victor Dodig announced a plan targeting annualized cash savings of about $900 million by 2028, stating the business will be "better positioned to deliver sustainable, profitable growth and long-term shareholder value."
- This quarter marks another setback for Telus, which has suffered a 27-per-cent share-price slide this year, following a $2.1-billion impairment charge for its Telus Digital unit last quarter.
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Telus: Q3 Earnings Snapshot – WTOP News
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Telus Corp. (TU) on Friday reported a loss of $476.7 million in its third quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 30 cents. Earnings, adjusted for non-recurring costs, came to 11 cents per share. The results...
·Chevy Chase, United States
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Telus announced a loss in the third quarter, after recording a depreciation of the $800 million acquisition spread related to TELUS Health.
·Montreal, Canada
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Coverage Details
Total News Sources12
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
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