Telus Stock Slides After Disappointing Q2 Results
Telus shares are tumbling Friday after it reported worse-than-expected Q2 results and unveiled a dividend reduction of more than half.
Telus made less money than people hoped in the last three months, and it's paying less money back to owners who hold its stock. When a company does worse than expected, people often sell their shares, which makes the price drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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