STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Charter Communications Inc. (CHTR) on Friday reported fourth-quarter net income of $1.47 billion.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $10.10.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $9.54 per share.
The cable provider posted revenue of $13.93 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $13.88 billion.
For the year, the company reported profit of $5.08 billion, or $34.97 per share. Revenue was reported as $55.09 billion.
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