Charter loss sharply narrower in Q4
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February 19, 2004 Thursday 9:34 AM
Chicago (CBS.MW) - Charter Communications lost $58 million, or 20 cents per share, in the fourth quarter of 2003. That is sharply narrower than the $1.9 billion and $6.36 loss of a year ago and less than half the 46-cent average loss estimate of analysts polled by Thomson First Call.
The St. Louis-based cable and broadband company's revenue was up 2 percent to $1.2 billion, reflecting a 47 percent jump in its high-speed data business that was partially offset by declines in advertising and video sales. Shares of Charter (CHTR) were flat at $4.87 in early trading Thursday.