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Why is Telus Corp (TU) Stock down?

14 Jul, 2023:

TELUS Corporation (TU) fell 5.70% today after its update on annual guidance of 2023, influenced by the revised outlook of its subsidiary — TELUS International (TI). TI's updated outlook reflects a lower-than-expected demand from certain clients in the technology industry, resulting in revised revenue projections ranging from $2.7 billion to $2.73 billion and adjusted EBITDA estimates between $575 million and $600 million. As a result, TELUS has adjusted its targets.

https://finance.yahoo.com/news/telus-tu-updates-2023-guidance-144900941.html

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