Telus Q3 Profit Declines - Quick Facts

(RTTNews) - Canadian telecommunications company Telus Corp. (TU, T.TO) reported that its third-quarter net income declined to C$355 million from C$356 million last year. Earnings per share rose to C$0.58 from C$0.56 in the prior year.

Adjusted net income for the latest third quarter was C$387 million or C$0.64 per share, up from C$365 million or C$0.58 per share in the comparable quarter last year.

Consolidated operating revenue rose 5.4% to C$3.03 billion, from C$2.87 billion in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of C$0.61 per share and revenues of C$3.03 billion. Analysts' estimates typically exclude special items.

The TELUS Board has declared a quarterly dividend of C$0.40 per share on the issued and outstanding Common Shares of the Company payable on January 2, 2015 to holders of record at the close of business on December 11, 2014. This fourth quarter dividend represents a four cent or 11.1 per cent increase from the quarterly dividend paid on January 2, 2014.