This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Knology Posts 3rd-quarter Loss On Charges

WEST POINT, Ga. (AP) ¿ Knology Inc., a cable, phone and Internet services provider, said it posted a $3.3 million quarterly loss because of hefty accounting charges and other costs to amend a credit facility.

Knology reported a loss attributable to common shareholders of 9 cents per share. This compares to a loss of $2.8 million, or 8 cents per share, a year ago.

Results included a non-cash charge of $1.7 million for the accounting for interest rate swaps and a $3.4 million one-time charge to amend Knology's credit facility.

Excluding these charges, Knology posted profit of $1.8 million, or 5 cents per share, in the most recent period.

Revenue increased 2.5 percent to $105.8 million.

Analysts, on average, expected a profit of 7 cents per share on sales of $107.5 million, according to a poll by Thomson Reuters.

Shares declined 25 cents, or 2.4 percent, to $10.31.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.39 -1.70%
TSLA $231.55 6.01%
YHOO $44.37 -0.34%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs