Sales at Shaw Communications during the three months ended Feb....
Sales at Shaw Communications during the three months ended Feb. 29 gained 2.9 percent from a year earlier to $1.23 billion. Its net income gained 3.5 percent to $178.4 million. “Our technology initiatives, including our Wi-Fi build and Digital Network…
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upgrade progressed as planned during the quarter,” CEO Brad Shaw said. He said those projects will help increase the value of Shaw’s existing service. The company lowered its guidance on its free cash flow expectations due to a soft ad market and ongoing economic concerns, the company said. Its shares fell more than 5.6 percent Friday, closing down $1.18 at $19.71.