TELUS Reports C$660 Million Q3 Loss, Reaffirms 2026 Guidance
TELUS reported a third-quarter net loss of C$660 million, or C$0.42 per basic share, versus net income of C$431 million, or C$0.32 per share, a year earlier. The company also reaffirmed 2026 guidance and announced an efficiency program.
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12:42:55 PM UTC
SquawkNews
By Adriano MarcheseTelus swung to a third-quarter loss and lower revenue, dragged by a large goodwill impairment tied to the company's divestiture plans.The Canadian telecom company swung to a loss of 660 million Canadian dollars ($470.8 million), or C$0.42 a share, compared with a profit of C$431…
OTTAWA (dpa-AFX) - TELUS (T.TO, TU) reported a third quarter net loss of C$660 million and a basic loss per share of C$0.42. This is compared to net income of C$431 million or C$0.32 per share, prior year. The company noted that its net loss was driven by a pre-tax, non-cash goodwill impairment of…