Yahoo Finance TELUS International (Cda) First Quarter 2024 Earnings: Misses Expectations
TELUS International (Cda) (NYSE:TIXT) First Quarter 2024 Results
Key Financial Results
Revenue: US$657.0m (down 4.2% from 1Q 2023).
Net income: US$28.0m (up 100% from 1Q 2023).
Profit margin: 4.3% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: US$0.10 (up from US$0.051 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TELUS International (Cda) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are down 22% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for TELUS International (Cda) (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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