Shaw Communications Inc. announced unaudited consolidated earnings results for the three months ended November 30, 2016. For the three months, the company reported revenue of CAD 1,313 million compared to CAD 1,143 million a year ago. Operating income from continuing operations was CAD 272 million compared to CAD 285 million a year ago. Income from continuing operations before income taxes was CAD 117 million compared to CAD 190 million a year ago. Net income from continuing operations was CAD 89 million compared to CAD 138 million a year ago. Net income was CAD 89 million compared to CAD 218 million a year ago. Diluted earnings per share from continuing operations was CAD 0.18 compared to CAD 0.28 a year ago. Net cash from operating activities was CAD 263 million compared to CAD 304 million a year ago. Additions to property, plant and equipment was CAD 240 million compared to CAD 267 million a year ago. Additions to other intangibles were CAD 27 million compared to CAD 22 million a year ago.

The company confirmed at this time that there are no changes to its previously issued fiscal 2017 guidance. Operating income before restructuring costs and amortization is expected to range between CAD 2.125 and CAD 2.175 billion and free cash flow is expected to exceed CAD 400 million. Consolidated capital investment targets also remain unchanged from previously provided guidance at CAD 1.3 billion for the year.