Stock Monitor: Public Joint-Stock Company Mobile TeleSystems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 18, 2018 / If you want access to our free earnings report on TELUS Corp. (NYSE: TU), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TU. The Company reported its first quarter fiscal 2018 operating and financial results on May 10, 2018. The Canadian telecom provider exceeded revenue estimates. Additionally, the Company posted a y-o-y growth in average billing per user per month (ABPU) for the thirtieth consecutive quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Public Joint-Stock Company Mobile TeleSystems (NYSE: MBT), which also belongs to the Technology sector as the Company TELUS. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TELUS most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended March 31, 2018, TELUS' consolidated operating revenues increased 6.0% to C$3.37 billion compared to C$3.18 billion in Q1 2017, primarily due to higher consolidated service revenues. The Company's revenue numbers exceeded analysts' estimates by C$10 million.

During Q1 2018, TELUS' earnings before interest, income taxes, depreciation, and amortization (EBITDA) rose 2.7% to C$1.27 billion on a y-o-y basis, due to a higher service revenue growth. The Company's adjusted EBITDA gained 5.2% to C$1.30 billion on a y-o-y basis in the reported quarter.

For Q1 2018, TELUS reported a net income of C$412 million, or C$0.69 per share, compared to C$414 million, or C$0.70 per share, in Q1 2017. The Company's reported net income fell on a y-o-y basis due to an increase of C$30 million in restructuring and other costs, driven by efficiency initiatives, increased financing costs, as well as higher income taxes.

TELUS' adjusted net income was C$435 million, or C$0.73 per share, in Q1 2018 compared to C$418 million, or C$0.71 per share, in Q1 2017. The Company's earnings numbers lagged Wall Street's estimates of C$0.76 per share.

Operating Results

TELUS Wireless

During Q1 2018, the Company's Wireless network revenues increased 4.0% to C$1.5 billion on a y-o-y basis, driven by a growth in the postpaid subscriber base. The Company's Wireless equipment revenues increased 16% on a y-o-y basis, primarily due to higher retention volumes and postpaid gross additions, as well as an increase in higher-valued smartphones in the sales mix.

TELUS' ABPU was higher by 1.5% to C$66.51 on a y-o-y basis in Q1 2018, reflecting a higher proportion of higher-value postpaid and smartphone customers in the subscriber mix. This represented the Company's thirtieth consecutive quarter of y-o-y growth.

For Q1 2018, TELUS' monthly postpaid subscriber churn was 0.95% compared to 0.93% in Q1 2017. This marked the eighteenth out of the past nineteen quarters where TELUS' postpaid churn was below 1%.

During Q1 2018, TELUS' Wireless postpaid net additions increased 4,000 to 48,000 on a y-o-y basis, reflecting the success of promotions and the Company's marketing efforts focused on higher-value postpaid and smartphone loading. TELUS' prepaid connection net losses totaled 43,000 in the reported quarter due to an increased competition, but improved by 10,000 compared to the year earlier same quarter.

During Q1 2018, TELUS' Wireless EBITDA increased by C$39 million, while its adjusted EBITDA increased by 6% to C$846 million on a y-o-y basis, reflecting higher network revenues partly and an improvement in equipment margins.

TELUS Wireline

During Q1 2018, TELUS' External Wireline revenues increased 5.4% to C$1.5 billion on a y-o-y basis. This growth was generated by higher data service revenues. The Company's data service revenues increased by 9.8% in the reported quarter.

During Q1 2018, TELUS' high-speed internet net additions were 22,000, and were relatively flat on a y-o-y basis, due to a consistent customer demand for the Company's high-speed broadband services, including fiber to the premises. Total TELUS TV net additions of 6,000 were essentially flat on a y-o-y basis. The Company's residential network access lines (NALs) declined by 16,000 in Q1 2018, representing an improvement of 7,000 versus the year earlier comparable quarter, and reflecting the success of the Company's bundled service offerings.

For Q1 2018, TELUS' Wireline EBITDA decreased slightly by C$5 million on a y-o-y basis, while its adjusted EBITDA rose 3.7% compared to the year ago corresponding period, reflecting an ongoing growth in data service margins, including Internet, TELUS Health, and TELUS TV.

Cash Matters

During Q1 2018, TELUS' free cash flow soared 104.1% to C$443 million compared to C$217 million in Q1 2017, due to lower cash taxes, a decline in capital expenditure, and higher EBITDA.

Stock Performance Snapshot

June 15, 2018 - At Friday's closing bell, TELUS' stock slightly dropped 0.23%, ending the trading session at $35.22.

Volume traded for the day: 376.85 thousand shares, which was above the 3-month average volume of 344.69 thousand shares.

Stock performance in the past twelve-month period ? up 3.86%

After last Friday's close, TELUS' market cap was at $21.15 billion.

Price to Earnings (P/E) ratio was at 18.89.

The stock has a dividend yield of 4.60%.

The stock is part of the Technology sector, categorized under the Wireless Communications industry.

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