Cox's Losses Narrower Than Expected
Cox Communications
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posted significantly narrower-than-expected losses in the fourth quarter, helped in part by strong performance of its advanced telecommunication services.
The Atlanta, Ga., broadband communications company reported a fourth-quarter loss of $71.6 million, or 12 cents a share, compared with earnings of $113.1 million, or 18 cents a share, in the same period last year. Two analysts surveyed by
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First Call/Thomson Financial
expected a loss of 21 cents a share for the quarter.
Revenue was $945.9 million, up from $838.1 million last year.
Cox shares closed at $46.04 in Monday trading on the Big Board. Its shares have a 52-week high of $54.63 and a 52-week low of $31.69.
