Charter Communications Inc. Earnings: Loss Narrows but Still Short of Estimates

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Charter Communications Inc. (NASDAQ:CHTR) reported its results for the fourth quarter. Charter Communications offers residential and commercial customers traditional cable video programming (basic and digital video), high-speed Internet services, and telephone services, as well as advanced broadband services.

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Charter Communications Earnings Cheat Sheet for the Fourth Quarter

Results: Loss narrowed to $67 million (loss of 63 cents per diluted share) from $85 million (loss of 75 cents per share) in the same quarter a year earlier.

Revenue: Rose 2.8% to $1.83 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Charter Communications Inc. fell short of the mean analyst estimate of a loss of 29 cents per share. Analysts were expecting revenue of $1.83 billion.

Quoting Management: “This will be an important year for Charter and our customers, and I’m excited to be a part of it,” said Charter’s newly appointed President and Chief Executive Officer, Tom Rutledge. “Charter executed well on its strategic priorities in 2011, as demonstrated by enhanced product offerings, an improved customer relationship trend, and solid financial performance. As we move into 2012, our team is committed to a high standard of customer service delivery and operational excellence in all aspects of our business and to making the right investments for the future. Focusing on these fundamentals provides a real opportunity to grow our business.”

Key Stats:

The company has now missed analyst estimates for the last four quarters. It fell short by 77 cents in the third quarter, by 90 cents in the second quarter, and by 81 cents in the first quarter.

Revenue has increased for four consecutive quarters. Revenue increased 2.3% to $1.81 billion in the third quarter. The figure rose 1.1% in the second quarter from the year earlier and climbed 2% in the first quarter from the year-ago quarter.

Looking Forward: The outlook for the company’s performance in the upcoming quarter is increasingly favorable. Over the past ninety days, the average estimate for the first quarter of the next fiscal year has risen from a loss 56 cents per share to a profit of 27 cents. Down from a loss of $2.53 per share ninety days ago, the average estimate for the fiscal year is now a loss of $3.20.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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