Charter Communications Inc.
fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.79 a share, compared with $1.61 billion, or $9.17 a share, in the year-before quarter. The FactSet consensus was for $8.83 in earnings per share. Charter attributed the decline in earnings in part to higher income tax and interest expense. Total revenue increased to $13.
fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.79 a share, compared with $1.61 billion, or $9.17 a share, in the year-before quarter. The FactSet consensus was for $8.83 in earnings per share. Charter attributed the decline in earnings in part to higher income tax and interest expense. Total revenue increased to $13.