Charter Beats 1Q Forecasts

Author:
Updated:
Original:

Charter Communications Inc. reported better-than-expected first-quarter
numbers Monday morning, due largely to increased subscriber totals.

The MSO reported a loss of $174.2 million, or 59 cents per share, versus a
loss of $280.7 million ($1.20) in the same period last year.

Charter said it added 140,000 high-speed-data customers during the first
quarter.

Its digital-cable-subscriber total at the end of the
quarter was 2.2 million, compared with 1.45 million at the end of the first
quarter of 2001.

Charter's stock received a boost on the news, closing trading Monday at $8.48
per share, up 10 percent.

Related