Shaw Q1 profit comes in above estimates, revenue rises to $1.36 billion - InfoNews

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Shaw Q1 profit comes in above estimates, revenue rises to $1.36 billion

A pedestrian walks past the headquarters of Shaw Communications in Calgary, April 13, 2011. THE CANADIAN PRESS/Jeff McIntosh
January 14, 2014 - 5:53 AM

CALGARY - Shaw Communications Inc. is reporting improved profit and revenue for its first quarter, beating analyst estimates

The Calgary-based company (TSX:SJR.B) reports it had $245 million of net income, or 51 cents per share, in the quarter ended Nov. 30.

That's up from $235 million or 50 cents per share a year earlier and two cents above analyst estimates.

Shaw's revenue was also up, rising by 3.3 per cent to $1.362 billion, from $1.32 billion a year earlier.

Analysts were looking for 49 cents per share of adjusted earnings with $1.358 billion of revenue, according to Thomson Reuters estimates.

News from © The Canadian Press, 2014
The Canadian Press

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