Shaw Communications Earnings: Here’s Why Investors Like These Results
Shaw Communications, Inc. (NYSE:SJR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.4%.
Shaw Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 1.89% to $0.52 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 6.92% to $1.33 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shaw Communications, Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $1.31 billion.
Quoting Management: Chief Executive Officer Brad Shaw said, “Our third quarter results were solid as our executive team and our 14,000 employees continue to deliver value for all our stakeholders through a focus on disciplined growth and execution of our operating strategies. The quarter was highlighted with the closing of a number of the strategic transactions announced earlier in the year, including the acquisitions of ENMAX Envision and Food Network Canada, and the disposition of the Hamilton cable system and our interest in ABC Spark.”
Key Stats (on next page)…