Charter Suffers Financial Loss

1 decade 1 year 9 months ago Wednesday, February 28 2007 Feb 28, 2007 Wednesday, February 28, 2007 12:07:14 PM CST February 28, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
ST. LOUIS (AP) -The suburban St. Louis company Charter Communications says its fourth-quarter loss widened, hurt by sharply rising costs associated with digital telephone services and customer acquisition. Charter reported a loss after paying preferred dividends of 396 million dollars, or one dollar and eight cents per share, in the fourth quarter. That compared to a loss in the fourth quarter of 2005 of 336 million dollars, or one dollar and six cents per share. Analysts surveyed by Thomson Financial expected a loss of 80 cents per share. Those estimates typically exclude one-time items.

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