By Adriano MarcheseTelus on Friday reported lower income in the third quarter as higher costs weighed. Operating revenues rose to C$4.99 billion from C$4.64 billion, below analyst expectations of a rise to C$5.07 billion. The decline in net profit was largely due to higher restructuring and cost-efficiency program expenses as well as rising financing costs, among others, Telus said. Of those, 160,000 were mobile phone net additions, as well as 179,000 connected devices net additions, Telus said. Write to Adriano Marchese at adriano.marchese@wsj.com(END) Dow Jones NewswiresNovember 03, 2023 07:36 ET (11:36 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal November 03, 2023 11:43 UTC