Canada's Shaw Communications profit slips


(Corrects analyst revenue estimate to billion from million,fixes dateline)

TORONTO, Oct 24 (Reuters) - Shaw Communications Inc, the dominant cable company in Western Canada, onThursday said its fourth-quarter profit slipped amid heightenedcompetition.

The Calgary-based company said its net income declined toC$117 million ($112.62 million), or 24 Canadian cents per share,from C$133 million, or 28 Canadian cents per share, a yearearlier.

Shaw said operating revenue rose 3 percent to C$1.25billion.

Analysts had on average expected Shaw to earn 33 Canadiancents a share on revenue of C$1.24 billion, according to ThomsonReuters I/B/E/S.

The company said it expects growth in revenue and adjustedoperating income before amortization of between 2 and 4 percent.

($1 = $1.0389 Canadian) (Reporting by Alastair Sharp; Editing by Gerald E. McCormick)

View Comments (0)