The company said Thursday it expects free cash flow to jump 60 per cent to
"We expect a very meaningful drop in core capital expenditures," said chief executive
The drop in spending, along with expected gains across several divisions, should result in operating revenue growth of 11 to 14 per cent, and adjusted earnings before deductions of 9.5 to 11 per cent.
"A differentiated asset base, best in class customer experiences, world leading network and our unique growth businesses provide us with our confidence in the robust outlook for our business," said Entwistle.
The guidance came as the company reported fourth-quarter profits of
Operating revenue and other revenue for the quarter totalled
On an adjusted basis, Telus said it earned
Analysts on average had expected a profit of
While earnings per share were lower, overall results were in line with RBC expectations, said analyst
"On balance, we view the results as neutral for the shares at the current valuation."
This report by The Canadian Press was first published
Companies in this story: (TSX:T)
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