Shaw Communications Q3 profit surges on tax liabilities revision and revenue growth
A Shaw Communications sign at the company s headquarters in Calgary, Wednesday, Jan. 14, 2015. THE CANADIAN PRESS/Jeff McIntosh June 30, 2021 - 3:33 PM
CALGARY - Shaw Communications Inc. says it had $354 million of net income for the three months ended May 31, compared with $184 million in last year s fiscal third quarter.
That translated into 70 cents per diluted share, double the profit from a year earlier. Revenue was $1.38 billion, up 4.8 per cent from $1.31 billion in the prior year.
Shaw was expected to earn $169 million or 33 cents per share on $1.35 billion of revenues, according to financial data firm Refinitiv.