Charter Communications 4Q Revenue, Profit Rise, Customer-Relationship Adds Fall
January 29 2021 - 8:02AM
Dow Jones News
By Allison Prang
Charter Communications Inc. on Friday reported higher
fourth-quarter revenue and profit but added fewer customers
compared with a year earlier.
The broadband company's net income was $1.25 billion, or $6.05 a
share, up from $714 million, or $3.28 a share, a year earlier.
Earnings beat analysts' consensus estimate according to
FactSet.
Revenue was $12.62 billion, up 7.3% from a year ago. Analysts
were expecting $12.57 billion.
For the quarter, the company said it added 197,000 customer
relationships. That was 26% lower than the number Charter added the
comparable quarter a year earlier.
The company said it expects cable capital expenditures for this
year "to be relatively consistent or lower as a percentage of cable
revenue" compared with last year.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
January 29, 2021 07:47 ET (12:47 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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