Revenue Update on TELUS Corporation (USA)(NYSE:TU)

TELUS Corporation (USA)(NYSE:TU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $2.42B. Analysts estimated a revenue of $2.43B. Earnings per share were $0.54. Analysts had estimated an EPS of $0.53.

TELUS Corporation (USA) (TU) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.15% at a volume of 1,03,308. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.56. The peak price level was also seen at $33.56 while the days lowest was $33.17. Finally the shares closed at $33.53. The 52-week high of the shares is $34.35 while the 52-week low is $24.34. According to the latest information available, the market cap of the company is $19,850 M.

TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.

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