Telus (TU) Reports Q2 EPS of C$0.68

August 11, 2017 6:06 AM EDT

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Telus (NYSE: TU) reported Q2 EPS of C$0.68, versus C$0.70 reported last year. Revenue for the quarter came in at C$3.27 billion, versus C$3.15 billion reported last year.

"TELUS reported strong second quarter results, including high-quality postpaid wireless loading, anchored by the TELUS team setting unprecedented industry benchmarks for customer loyalty and lifetime revenue," said Darren Entwistle, President and CEO. "Importantly, we continued to deliver value-creating financial results in conjunction with strong customer loading, reflecting the company's operational discipline, the high quality attributes of our wireless and wireline asset base, and our team's relentless focus on our customers first promise."

Mr. Entwistle added, "Through consistent execution of our longstanding strategy, we continue to deliver on our capital allocation programs focused on delivering long-term value for our customers and investors. This includes investing in our broadband networks to deliver advanced capabilities to our customers for decades to come, while simultaneously building on our track record of providing investors with the industry's best multi-year dividend growth program, targeting annual dividend growth between seven and 10 per cent through to 2019. Notably, our track record of delivering on our industry-leading shareholder-friendly initiatives is highlighted by TELUS having now returned more than $14 billion to shareholders, including $9 billion in dividends, or $24 per share since 2004."

For earnings history and earnings-related data on Telus (TU) click here.

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