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Shaw misses 1Q profit forecasts

CALGARY, Alberta (AP) _ Shaw Communications Inc. (SJR) on Thursday reported fiscal first-quarter profit of $90.9 million.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 18 cents. Earnings, adjusted to account for discontinued operations, were 19 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The communications and media company posted revenue of $996 million in the period.

Shaw shares have fallen 2.5 percent since the beginning of the year. The stock has increased slightly more than 5 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SJR at https://www.zacks.com/ap/SJR