Cablevision Systems Corp. says it swung to a profit in the fourth quarter from a loss a year ago as it added more Internet and phone customers.
Cablevision earned $6.6 million in the quarter, or 2 cents per share, compared with a loss of $23.9 million, or 8 cents per share, a year ago.
Revenues rose 10.8 percent to $1.84 billion from $1.66 billion.
Operating income, a measure that excludes interest expenses from Cablevision's large debt load as well as gains and losses from investments, jumped 62.9 percent to $330.3 million from $202.8 million.
No comments:
Post a Comment