- Shaw Communications (NYSE:SJR) is up 1.5% despite a miss on profits for its fiscal Q3, after growing revenues 6% with help from solid growth in business network services and its ViaWest acquisition.
- Basic GAAP EPS was C$0.42 (down more than 8%), and adjusted EPS was C$0.44 vs. an expected C$0.50. Revenues of C$1.419B were in line. Total operating income (before restructuring/amortization) of C$643M was up 7% Y/Y.
- Free cash flow of $256M was up from the prior year's $240M.
- Revenue by segment: Consumer, C$950M (up 0.5%); Business Network Services, C$131M (up 7.4%); Business Infrastructure Services, C$63M (new, with ViaWest acquisition); Media, C$303M (up 0.7%).
- The company guided to operating income (before restructuring/amortization) growth for 2015 toward the lower end of a 5%-7% range with inclusion of ViaWest (about $85M). Free cash flow is expected to exceed $650M.
- Canadian peers are trading higher so far today: BCE +1.6%; RCI +1.4%; TU +0.8%.
- Press Release