The telecom had $1.35 billion in revenue in the quarter ended August 31, the same amount as in the same quarter last year. Net income hit $175 million, up from $166 million. (The Logic)

Talking point: Shaw narrowly beat analysts’ revenue expectations of $1.33 billion. It’s the latest major Canadian telecom to report a strong quarter. Cogeco delivered a revenue bump and a dividend increase earlier this week. Earlier in the month, Rogers’ quarterly results so pleased investors they sent the firm’s stock up over 11 per cent. But Shaw isn’t faring as well. It was down 1.37 per cent at close, although that’s roughly in line with the downturn across North American markets today. Shaw did report earnings per share of $0.34, up from $0.32, and added 60,000 net new wireless subscribers. Those numbers provide an early sense of how successful Shaw has been in its attempt to take market share in the Western provinces away from Telus via its new cellphone plans.