Strong Q2 at Telus means boost to guidance

VANCOUVER – Strong wireless and wireline data growth drove Telus to a very good second quarter, the big telco announced this morning. Second quarter (ended June 30, 2012) revenue increased 4% to $2.7 billion while earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 5% to $1 billion, the company reported. Earnings per share rose 2% to $1.01, or 6% when excluding income tax adjustments and a gain on the Telus Garden real estate development. Quarterly growth was primarily generated by a 7% increase in wireless revenue and 13% increase in wireless EBITDA, plus strong revenue growth of 8.5%...