Shaw Communications Inc (USA) (SJR) Releases Earnings Results, Misses Expectations By $-0.24 EPS

Shaw Communications Inc (USA) (SJR) reported quarterly earnings results on Friday, Jul-15-2016. The company reported $0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.24. Analysts had a consensus of $0.35. The company posted revenue of $1283.00 million in the period, compared to analysts expectations of $1294.37 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Shaw Communications Inc (USA). Shaw Communications Inc (USA) was Resumed by BofA/Merrill to “Underperform” on Jul 5, 2016.

Shaw Communications Inc (USA) closed down -0.0645 points or -0.33% at $19.35 with 4,92,854 shares getting traded on Wednesday. Post opening the session at $19.43, the shares hit an intraday low of $19.27 and an intraday high of $19.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Investors should note that on Jun 29, 2016, Shaw Communications Inc (USA) announced a cash dividend of $0.0985. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 29, 2016.

Shaw Communications Inc. (Shaw) is a diversified Canadian communications and media company. Shaw is engaged in the business of providing broadband cable television High-Speed Internet Home Phone telecommunications services (through Shaw Business) satellite direct-to-home services (through Shaw Direct) and engaging programming content (through Shaw Media). The Company operated through three principal business segments such as Cable consisted of cable television Internet Digital Phone and Shaw Business operations; Satellite consisted of direct-to-home (DTH) and Satellite Services; and Media consisted of television broadcasting. Shaw Media operates as conventional television networks in Canada Global Television and numerous specialty networks. It provides customers with entertainment information and communications services utilizing a variety of distribution technologies.

Shaw Communications Inc (USA)

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