VANCOUVER, British Columbia (AP) _ Telus Corp. (TU) on Friday reported first-quarter net income of $254 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 19 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 21 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The telecommunications company posted revenue of $3.09 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $3.16 billion.

Telus shares have climbed slightly more than 8% since the beginning of the year. The stock has increased 33% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TU at https://www.zacks.com/ap/TU

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