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BRIEF-TELUS Q3 adjusted earnings per share C$0.66

Published 2015-11-05, 06:10 a/m
© Reuters.  BRIEF-TELUS Q3 adjusted earnings per share C$0.66
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Nov 5 (Reuters) - TELUS Corp T.TO :
* Reports results for third quarter 2015
* Q3 adjusted earnings per share C$0.66
* Q3 earnings per share view C$0.64 -- Thomson Reuters I/B/E/S
* Q3 revenue C$3.2 billion versus I/B/E/S view C$3.16 billion
* Says telus' total qtrly wireless subscriber base is up 2.8 per cent from a
year ago to 8.4 million
* Says reiterating its original target range for full year consolidated 2015
EBITDA, excluding restructuring and other like costs
* Says earnings per share (EPS) for 2015 will be negatively impacted by net
unfavourable income tax-related adjustments
* Says excluding items, TELUS still expects full year EPS to be within its
original guidance range of $2.40 to $2.60
* Sees 2015 restructuring and other like costs to be approximately $250
million, up from approximately $125 million
* Says restructuring to support ongoing and incremental operational efficiency
initiatives including personnel-related costs
* Says new efficiency initiative will include a net reduction of approximately
1,500 full-time positions over the next several quarters
* Says efficiency initiative is expected to generate annual recurring savings
of between $100 million to $125 million
* Says efficiency measures are not expected to impact telus' customer service
or its significant infrastructure investments
* FY 2015 earnings per share view C$2.50 -- Thomson Reuters I/B/E/S
* Qtrly basic earnings per share (EPS) $0.61

* Source text for Eikon urn:newsml:reuters.com:*:nCCN6pRZjc

* Further company coverage T.TO

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