AP NEWS

Shaw: Fiscal 1Q Earnings Snapshot

January 13, 2020 GMT

CALGARY, Alberta (AP) _ Shaw Communications Inc. (SJR) on Monday reported fiscal first-quarter net income of $122.5 million.

The Calgary, Alberta-based company said it had net income of 23 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The communications and media company posted revenue of $1.05 billion in the period.

Shaw shares have fallen slightly since the beginning of the year. The stock has climbed nearly 3% in the last 12 months.

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