09:48 AM EST - TELUS Corp. : announced 2010 financial targets. The company also made minor updates to its annual guidance for 2009. For 2010, TELUS is targeting consolidated revenue of $9.8 billion to $10.1 billion, an increase over 2009 of two to five per cent, or approximately $200 to $500 million. Earnings per share are targeted to be $2.90 to $3.30 in 2010. TELUS expects that 2010 EPS will be impacted by slightly increased depreciation and amortization expense and higher net financing costs due to less interest income in 2010. TELUS expects underlying EPS growth of 2%-16% in 2010. Further, the company said it currently expects 2009 consolidated revenues of approximately $9.6 billion. TELUS reiterated 2009 EPS guidance of $3.10 to $3.30. TELUS Corp.
shares T.T are trading down $0.11 at $31.99.
