Introduction
Telus is in the news today. The Canadian phone and internet company shared its results for the third quarter of 2026. The results were not good. Telus lost money in the quarter. The loss came from a big one-time charge. Investors are now talking about the stock.
What Happened
Telus reported its results on November 6, 2026. The company lost $667 million in the third quarter. That is 42 cents per share. A year ago, Telus made a profit of $493 million. The loss came from an $800-million non-cash charge. A non-cash charge is a paper loss. It does not mean the company spent that cash. The charge was linked to Telus Health, the company’s health care arm. Telus earned 16 cents per share on an adjusted basis. That is less than the 24 cents per share it earned a year ago. Revenue was $5.03 billion. That is down from $5.11 billion a year ago.
Why People Are Talking About It
People are talking about Telus for two reasons. First, the loss is large. It shows that Telus Health is worth less than the company once thought. Second, Telus is taking big steps to fix the problem. It plans to save about $900 million a year by the end of 2028. It will cut costs and spend money more carefully. Telus also declared a dividend of $0.1875 per share. A dividend is a cash payment a company gives to its shareholders. It will be paid on January 4, 2027.
What Happens Next
Telus CEO Victor Dodig says the company will work to make its finances stronger. It will control costs and grow in a steady way. Investors will watch the next set of results to see if the plan works. They will also watch Telus Health closely. The stock may stay in focus for the rest of the year.
Final Thoughts
Telus had a hard quarter. The loss came from a paper charge, not from cash spent. But it still shows a real problem in the health arm. The savings plan gives the company a path forward. The next few quarters will show if the plan works.
Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.
Sources: CTV News (The Canadian Press): Telus reports Q3 loss on non-cash charge related to Telus Health. Photo: Pexels.
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