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BRIEF-Shaw Reports Qtrly Basic, Diluted Loss Per Share C$0.18

Published 2018-06-28, 08:13 a/m
© Reuters. BRIEF-Shaw Reports Qtrly Basic, Diluted Loss Per Share C$0.18

June 28 (Reuters) - Shaw Communications Inc SJRb.TO :

* SHAW ANNOUNCES THIRD QUARTER AND YEAR-TO-DATE FISCAL 2018 RESULTS

* Q3 REVENUE ROSE 6.9 PERCENT TO C$1.3 BILLION

* CONFIRMS THAT IT REMAINS ON TRACK TO MEET ITS FISCAL 2018 GUIDANCE

* QTRLY BASIC AND DILUTED LOSS PER SHARE C$0.18

* QTRLY ARPU OF $39.84 AS COMPARED TO $37.05 IN Q3 2017

* SEES FISCAL 2018 OPERATING INCOME BEFORE RESTRUCTURING COSTS AND AMORTIZATION GROWING TO APPROXIMATELY $2.1 BILLION

* SEES FISCAL 2018 CAPITAL INVESTMENTS OF APPROXIMATELY $1.38 BILLION

* SEES FY 2018 FREE CASH FLOW OF APPROXIMATELY $375 MILLION

* IN Q3, ABOUT 850 EMPLOYEES EXITED COMPANY WHICH LED TO OPERATING COST REDUCTIONS OF APPROXIMATELY $16 MILLION

* RELATED TO TBT ACTIVITIES, INCURRED ADDITIONAL RESTRUCTURING CHARGE OF $13 MILLION IN Q3 FOR TOTAL OF $430 MILLION IN 2018

* COMPANY DOES NOT ANTICIPATE FULL-YEAR TBT RESTRUCTURING COSTS TO EXCEED $450 MILLION

* Q3 REVENUE VIEW C$1.31 BILLION -- THOMSON REUTERS I/B/E/S

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