reported a fourth-quarter loss that missed Wall Street's slightly lowered expectations by 5 cents.
For the fourth quarter ended Dec. 31, Charter lost $241.1 million, or $1.03 a share, down from last year's fourth-quarter loss of $828.7 million, or $3.67 a share. Three analysts surveyed by
First Call/Thomson Financial
expected the company, which is based in St. Louis, to lose 98 cents a share.
Charter, a cable television systems operator, posted fourth-quarter operating cash flow of $433.2 million, up 28.9% from $336.1 million in the same period one year ago.
The company also said fourth-quarter revenue reached $893.9 million, up 15.8% from $771.6 million in last year's fourth quarter.
In 2001, the company expects operating cash flow to grow 12% to 14% beyond this year's reported $1.6 billion. Charter expects full-year 2001 revenue to rise 14% to 16% from the $3.3 billion for 2000.
Shares of Charter fell 81 cents, or 3.5%, to $22.13 in recent