UPDATE: Shaw Communications (SJR) Reports Q1 EPS In-Line, Beats on Revenues; Affirms 2018 Guidance

(Updated - January 11, 2018 7:06 AM EST)

Shaw Communications (NYSE: SJR) reported Q1 EPS of $0.23, in-line analyst estimate of $0.23. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.01 billion.

Outlook

Shaw confirms that it remains on track to meet its fiscal 2018 guidance which includes consolidated operating income before restructuring costs and amortization growing to approximately $2.1 billion – an increase of approximately 5% over fiscal 2017; capital investments of approximately $1.38 billion; and free cash flow of approximately $375 million. The Company expects the majority of the growth in consolidated operating income before restructuring costs and amortization to occur in the back half of the fiscal year.

For earnings history and earnings-related data on Shaw Communications (SJR) click here.

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