February 13, 2020 / 12:08 PM / 14 days ago

Canada's Telus forecasts 2020 revenue above estimates

Feb 13 (Reuters) - Canadian telecom operator Telus Corp forecast full-year revenue above analysts’ estimates but posted lower-than-expected quarterly revenue on fewer wireless subscriber additions.

The company expects full-year revenue between C$15.54 billion and C$15.83 billion ($11.72 billion-$11.94 billion). Analysts on average were expecting revenue of C$15.49 billion, according to IBES data from Refinitiv.

Operating revenue in the fourth quarter ended Dec. 31 rose to C$3.86 billion from C$3.76 billion a year earlier, slightly below estimates of C$3.87 billion.

The Vancouver-based company’s net income rose to C$379 million, or 61 Canadian cents per share, from C$368 million, or 60 Canadian cents per share a year earlier. ($1 = C$1.33) (Reporting by Ambhini Aishwarya in Bengaluru; Editing by Maju Samuel)

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