Earnings: Charter Posts Quarterly, Yearly Losses

Charter Communications reported a 17.9 percent loss of $396 million, or $1.08 per share in 4Q, compared with a year-ago loss of $336 million, or $1.06 per share. On a positive not, revenue rose 10 percent to $1.41 billion from $1.29 billion a year ago, driven by growing demand for high-speed Internet and telephone services.
Charter ended 2006 with 445,850 telephone customers, up 30 percent from the end of September. But costs rose 13 percent to $910 million, reflecting expenses associated with satisfying the demand for digital telephone services available. For the year, Charter’s loss widened to $1.37 billion, or $4.13 per share, from a loss of $967 million, or $3.13 a share, a year earlier. Revenue rose 9 percent to $5.5 billion from $5.03 billion. Earnings release | Webcast

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