Note: EPS may not be comparable

Shaw Communications (NYSE: SJR) reported Q2 EPS of ($0.33), $0.55 worse than the analyst estimate of $0.22. Revenue for the quarter came in at C$1.36 billion.

Revenue (millions of Canadian dollars except per share amounts)

Revenue for the second quarter of fiscal 2018 of $1.36 billion increased $149 million or 12.4% from $1.21 billion for the second quarter of fiscal 2017, highlighted by the following:

• The year-over-year improvement in revenue was primarily due to growth in the Wireless division, contributing an incremental $149 million in revenue driven by higher postpaid RGUs (approximately 175,000 since February 28, 2017), an improvement to average revenue per unit (“ARPU”) and a large share of postpaid subscriber adds purchasing handsets, resulting in a $124 million increase in equipment revenue up from $24 million in the second quarter of fiscal 2017 to $148 million in the current quarter.
• The Business division contributed $7 million or 5.3% to the consolidated revenue improvements for the quarter driven primarily by customer growth.
• Consumer division revenue for the period decreased $7 million or 0.8% compared to the second quarter of fiscal 2017, mainly due to lower cable Video revenue driven by RGU losses and lower ARPU due to a change in Video customer mix. Cable Video revenuedeclines were partially offset by higher Internet revenues driven mostly by the addition of approximately 66,000 Internet RGUs since February 28, 2017 and rate increases introduced in each the fourth quarter of fiscal 2017 and the second quarter of fiscal 2018.

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