Shaw Communications Fiscal Q3 Profit Meets Street Mark, Revenues Shy

Shaw Communications, a Canada-based connectivity provider, reported Wednesday fiscal Q3 net profit from continuing operations of CAD0.33 ($0.25) per share, up from CAD0.14 per share the prior year period and came in line with the Street estimate provided by Capital IQ.

Revenues for the quarter ended May 31 were CAD1.31 billion, up from CAD1.28 billion reported for the same period last year and came in shy of the CADA1.32 billion Street estimate. For fiscal 2017, the company expects operating income to range from CAD2.14 billion to CAD2.16 billion, capital investment of approximately CAD1.35 billion, and free cash flow of CAD400 million.

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