Shaw Communications reports higher second-quarter revenue and earnings
Business Related
Yes
CALGARY – Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
The company says it had net income of $217 million on revenue of $1.387 billion in the three months ended Feb. 28, up from net income of $167 million on revenue of $1.363 billion in the same period a year ago.
Earnings before interest, taxes, depreciation and amortization came to $637 million, beating analyst expectations of $612 million, according to financial data firm Refinitiv.