Revenue Update on Shaw Communications Inc (USA)(NYSE:SJR)

Shaw Communications Inc (USA)(NYSE:SJR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Apr 14, 2016. Company reported revenue of $897.78M. Analysts estimated a revenue of $1.37B. Earnings per share were $0.25. Analysts had estimated an EPS of $0.36.

Shaw Communications Inc (USA) (SJR) made into the market gainers list on Mondays trading session with the shares advancing 2.27% or 0.41 points. Due to strong positive momentum, the stock ended at $18.44, which is also near the day’s high of $18.47. The stock began the session at $17.94 and the volume stood at 12,35,242 shares. The 52-week high of the shares is $23.21 and the 52 week low is $15.66. The company has a current market capitalization of $8,819 M and it has 47,82,74,480 shares in outstanding.

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.

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