Shaw Communications Q3 net income $704 millionStaff Writer | July 16, 2016
Shaw Communications announced consolidated financial and operating results for the third quarter ended May 31, 2016. Net income for the quarter was $704 million or $1.44 per share.
Shaw Communications Revenue from continuing operations was $1.28 billion
Operating income before restructuring costs and amortization for the quarter and year-to-date of $555 million and $1.56 billion improved 5.3% and 3.5% over the comparable periods, respectively.
Excludgin the results of wireless and the former media division, revenue and operating income before restructuring costs and amortization for the quarter from the combined Consumer, Business Network Services and Business Infrastructure Services divisions were up 1.2% and down 0.2% in the quarter over the comparable period, respectively.
Net income for the quarter was $704 million or $1.44 per share relative to $209 million or $0.42 per share for the comparable period. Net income for the nine month period was $1.09 billion or $2.21 per share compared to $604 million or $1.23 per share for the comparable period.
Consolidated free cash flow for the three and nine month periods of $182 million and $473 million, respectively, compares to $256 million and $618 million for the comparable periods. ■