Telus reports flat revenue, profit drop in first quarter

Telus reported flat revenue in the first quarter, while net income fell 50% and net new mobile phone subscribers were lower. The company also announced the retirement of its chief financial officer amid a leadership transition. The combination of weaker profitability, slower subscriber growth, and executive turnover is likely a modest negative for the stock.

Analysis

Telus reported flat revenue in the first quarter, while net income fell 50% and net new mobile phone subscribers were lower. The company also announced the retirement of its chief financial officer amid a leadership transition. The combination of weaker profitability, slower subscriber growth, and executive turnover is likely a modest negative for the stock.