Charter Communications Posts Q2 Loss/shr Of $0.42 - Quick Facts

(RTTNews) - Charter Communications, Inc. (CHTR) reported a second-quarter net loss of $45 million, an improvement compared to a loss of $95 million on a pro forma basis and a loss of $96 million on an actual basis in the year-ago period. Net loss per share was $0.42, compared to a loss of $0.94 on a pro forma basis, and a loss of $0.96 on an actual basis during the same period last year.

The company noted that its net loss decreased year-over-year on a pro forma basis primarily due to a loss on extinguishment of debt of $81 million during the second quarter of prior year. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 14.6% on actual basis to $2.26 billion from $1.97 billion, prior year. Analysts expected revenue of $2.26 billion for the quarter. Second quarter revenues grew 7.3% on a pro forma basis as compared to the prior-year period, led by residential revenue growth of 6.4%, and commercial revenue growth of 19.0%.