Business · Companies · 11 hrs ago
Telus reports quarterly loss and targets $900M in annual savings
Telus reported a $667-million loss for the quarter ended Sept.
30, compared with a $493-million profit a year earlier.
An $800-million non-cash charge related to Telus Health contributed to the loss.
The charge did not involve a cash payment in the quarter.
Adjusted earnings fell to 16 cents per share, from 24 cents a year earlier.
Revenue and other income were $5.03 billion, down from $5.11 billion.
Telus is targeting about $900 million in annual cash savings by the end of 2028, through cost and margin improvements and more efficient capital spending.
CEO Victor Dodig said the company aims to strengthen its finances and support profitable, sustainable growth.
Telus reported a loss of $667 million, or 42 cents per share, in its third quarter.
The company said an $800-million non-cash charge related to Telus Health contributed to the loss.
Adjusted earnings were 16 cents per share, down from 24 cents a year earlier.
Telus announced a plan to target about $900 million in annualized cash savings by the end of 2028.
Revenue and other income totalled $5.03 billion, down from $5.11 billion a year earlier.
- Who
- Telus Corp.
- What
- Telus reported a quarterly loss and announced a plan targeting about $900 million in annualized cash savings.
- When
- The quarter ended Sept. 30, 2026. The results were reported on Nov. 6, 2026.
- Where
- Vancouver, according to the report.
- Why
- Telus took an $800-million non-cash charge related to Telus Health. It said it was seeking cost and margin improvements and greater capital-spending efficiency.
This story does not have two clearly opposing sides.
Telus recorded a loss attributable to common shares of $667 million for the quarter.
Telus reported its quarterly results and announced a savings plan.
Telus is targeting about $900 million in annualized cash savings.
- Quarterly loss
- $667 million, or 42 cents per share
- Telus Health charge
- $800 million non-cash
- Adjusted earnings
- 16 cents per share
- Revenue and other income
- $5.03 billion
- Savings target
- About $900 million annually by the end of 2028