Charter Communications Q3 net loss increases
Nov 12, 2012 (Datamonitor via COMTEX) --
Charter Communications Inc, a provider of broadband communications, has reported net loss of $87 million, or $0.87 loss per share, for the third quarter ended September 30, 2012, compared to net loss of $85 million, or $0.79 loss per share, for the same quarter ended September 30, 2011.
Total revenues for the third quarter ended September 30, 2012 were $1.88 billion, compared to $1.81 billion for the same quarter ended September 30, 2011.
Net loss for the nine months ended September 30, 2012 was $264 million, or $2.65 loss per share, compared to net loss of $302 million, or $2.74 loss per share, for the same period ended September 30, 2011.
Total revenues for the nine months ended September 30, 2012 were $5.59 billion, compared to $5.37 billion for the same period ended September 30, 2011.
"We entered the quarter in a stronger competitive position from a product, pricing and service standpoint, benefiting customer trends and triple play sales," said Tom Rutledge, Charter President and CEO.
"We are enhancing the foundation of our operating structure, business practices and product offerings to support sustainable growth. The investments we make in the near term lay the groundwork for increased penetration across all of our products with a greater customer lifetime value. I am confident about our future and our ability to drive long-term growth and maximize return on investment."
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