Thursday, July 12, 2007

UPDATE 1-Shaw revises Q1 loss view, to delay results

(Reuters) - Shaw expects to obtain appropriate waivers under its bank credit agreement with respect to covenants related to the delinquent U.S. Securities and Exchange Commission filings.



The company expects to record a loss of about $23.8 million, or 30 cents per diluted share, when it restates results for its first fiscal quarter, ended February 28, 2007. It previously reported a loss of $20.3 million, or 26 cents a share.


Read more at Reuters.com Market News

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