posted a wider-than-expected loss in the latest third quarter, but said it expected to meet all stated goals for the year.
The St. Louis-based broadband communications company reported a loss of $210 million, or 93 cents a share, for the quarter. Comparable year-ago figures were unavailable because of acquisitions. Two analysts polled by
First Call/Thomson Financial
expected a loss of 90 cents a share for the quarter.
Pro forma revenue for the quarter rose 13.9% to $842.9 million from $740.1 million last year. Operating cash flow rose 20.2% to $400.6 million.
Charter expects to have about 225,000 data subscribers and more than 900,000 digital cable subscribers by the end of the year. In addition, the company sees operating cash flow growth for the fourth quarter exceeding the third quarter growth rate.