Knology (KNOL) reported a wider third-quarter net loss attributable to common stockholders of $3.33 million or $0.09 per share compared with $2.85 million or $0.08 per share a year ago.
Excluding the charges, Knology posted net income of $1.8 million or $0.05 per share for the third quarter of 2009. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.07 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenue for the third quarter increased to $105.80 million from $103.22 million in the comparable period. Six analysts estimated revenues of $107.49 million for the quarter.
In addition, Knology executed a definitive agreement to acquire the assets of Private Cable Co., LLC, a provider of video, voice and data services to residential and business customers in Athens and Decatur, Alabama for $7.5 million cash, to be funded from Knology's cash on hand. The transaction is expected to close during the fourth quarter of 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.