Shaw Communications Inc posted a 64% jump in fourth-quarter net income on a modest bump in revenue on Thursday, as the cable and media company credited better operating metrics and lower expenses.
Net income was $192 million,, or 40 cents a share, in the three months to Aug. 31, compared with $117 million, or 24 cents a share, a year earlier. Revenue was up 1% at $1.26 billion.
Shaw shares faded 11 cents to $27.59 Thursday mid-morning, within a 52-week trading range from $24.10 to $28.50.
