Charter Communications Inc. (CHTR) reported that its first-quarter net loss narrowed to $42 million or $0.42 per share, from $94 million or $0.95 per share last year. The company said its net loss improvement reflects adjusted EBITDA growth, lower interest and income tax expense, partly offset by higher depreciation and amortization, and a higher loss on extinguishment of debt.
Total revenues increased to $1.92 billion from $1.83 billion last year, due to growth in video, Internet and commercial revenues.
On average, 11 analysts polled by Thomson Reuters expected the company to report a loss of $0.61 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.90 billion for the quarter.
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