Shaw Com. Remains Challenged – Analyst Blog
Zacks Market Commentaries (October 29th, 2009) Writes:
Shaw Communications Inc. (SJR) misses expectations in its fourth quarter of fiscal 2009. Quarterly revenue of $785 million was up 8% year-over-year, but below the Zacks Consensus Estimate of $795 million. The year-over-year improvement was primarily due to customer growth and rate increases. Quarterly net income was $111.6 million, or 26 cents per share compared to a net income of $129.1 million, or 30 cents per share in the prior-year quarter. Fourth quarter EPS of 26 cents was also below the Zacks Consensus Estimate of 28 cents. Quarterly operating income before amortization was $355 million, up 6.8% year-over-year. During the quarter, Shaw Communications generated $289.2 million of cash from operations, which was flat, compared to the year-ago quarter. Free cash flow (cash flow from operations less capital expenditures) in the same quarter was $89.1 million, compared to $139.4 million in the year-ago quarter. At the end
...cent;, Internet customer base, Investing Lessons, Shaw Communications Inc., Stocks to Watch, USD, Zacks Market Commentaries


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