Telus reports double-digit Q4 profit growth, adjusted earnings above estimate

VANCOUVER – Telus Corp. (TSX:T) had double-digit improvements in its fourth quarter profit. The Vancouver-based telecom company says it had $301 million of adjusted net income in the final three months of 2013, up 12.7 per cent from a year earlier. The adjusted earnings equalled 49 cents per share, a penny better than analyst estimates, while its overall revenue was in line with expectations at $2.948 billion, up 3.4 per cent from a year earlier. Telus says its net income was $290 million or 47 cents per share. Analysts were looking for 48 cents of adjusted earnings.i