Charter Communications Inc. (NASDAQ:CHTR) reported its results for the fourth quarter. Loss narrowed to $67 million (loss of 63 cents per diluted share) from $85 million (loss of 75 cents per share) in the same quarter a year earlier. Revenue rose 2.8% to $1.83 billion from the year-earlier quarter. Charter Communications Inc. fell short of the mean analyst estimate of a loss of 29 cents per share. Analysts were expecting revenue of $1.83 billion.
“This will be an important year for Charter and our customers, and I’m excited to be a part of it,” said Charter’s newly appointed President and Chief Executive Officer, Tom Rutledge. “Charter executed well on its strategic priorities in 2011, as demonstrated by enhanced product offerings, an improved customer relationship trend, and solid financial performance. As we move into 2012, our team is committed to a high standard of customer service delivery and operational excellence in all aspects of our business and to making the right investments for the future. Focusing on these fundamentals provides a real opportunity to grow our business.”
Competitors to Watch: Time Warner Inc. (NYSE:TWX), Liberty Global Inc. (NASDAQ:LBTYA), Comcast Corporation (NASDAQ:CMCSA), Mediacom Communications Corp. (NASDAQ:MCCC), Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Shaw Communications Inc. (NYSE:SJR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirecTV (NASDAQ:DTV) and DISH Network Corp. (NASDAQ:DISH).
Cooper Tire & Rubber Co. (NYSE:CTB) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the rubber and plastics company rose to $209 million ($3.33 per share) vs. $40.2 million (64 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year-earlier quarter. Revenue rose 13.7% to $1.05 billion from the year-earlier quarter. Cooper Tire & Rubber Co. beat the mean analyst estimate of 39 cents per share. It beat the average revenue estimate of $1.02 billion.
Roy Armes, Chief Executive Officer, commented, “During the quarter, we successfully navigated several challenges, resulting in a quarter with more than $1 billion in sales and sequential margin expansion from the third quarter. “Our strengthened product portfolio is continuing to perform very well as we achieved better than market growth in multiple product lines. Focusing on delivering products that meet ever-changing consumer needs should help to balance our exposure to broadline tires and economic conditions. We continue to believe that pent-up demand for broadline tires exists, although it is difficult to predict exactly when that demand will manifest.”
Competitors to Watch: The Goodyear Tire & Rubber Co. (NYSE:GT).
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