Shaw: Fiscal 3Q Earnings Snapshot
CALGARY, Alberta (AP) _ Shaw Communications Inc. (SJR) on Thursday reported fiscal third-quarter net income of $169.4 million, after reporting a loss in the same period a year earlier.
The Calgary, Alberta-based company said it had profit of 33 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The communications and media company posted revenue of $988.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.02 billion.
Shaw shares have risen 12% since the beginning of the year. The stock has decreased 2% in the last 12 months.