TELUS International (TIXT) shares plummeted more than 5% on Thursday, despite the company reporting third-quarter revenue that topped Wall Street estimates.
The Canadian customer experience provider said its adjusted earnings per share fell to $0.05 in the September quarter, down sharply from $0.19 a year ago. While the earnings decline was steeper than expected, TELUS International's Q3 revenue of $658 million managed to beat analyst projections of $647.5 million.
The mixed results seemed to reflect ongoing macroeconomic pressures weighing on TELUS International's bottom line. However, the company maintained its full-year 2024 guidance, calling for adjusted EPS between $0.39 and $0.44 on revenue of $2.61 billion to $2.67 billion.
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