Shaw Communications Inc. SJRdelivered second-quarter fiscal 2018 adjusted earnings from continuing operations of 40 cents per share beating the Zacks Consensus Estimate by 17 cents. The figure surged almost 68% from the year-ago quarter.
Including restructuring charges of C$417 million, the company reported loss of 33 cents per share.
Total revenues from continuing operations were $1.08 billion, much better the Zacks Consensus Estimate of $995 million. The figure increased 12.4% from the year-ago quarter primarily driven by strong growth in Wireless revenues.
Segment Details
Wireline revenues remained unchanged on a year-over-year basis to $846.9 million. Consumer revenues declined 0.8% to $735.7 million, fully mitigated by 5.3% increase in Business revenues, which totaled $111.2 million.
In the Wireline-Consumer segment, the video cable customer base totaled 1,635,554, reflecting a net loss of 17,715 subscribers. Video satellite customer count declined 4,301 to 748,736. Digital phone lines grossed 893,271, reflecting a reduction of 14,842 lines.