February 2, 2018 / 1:16 PM / 6 months ago

Charter Communications profit surges on $9.3 bln tax reform benefit

Feb 2 (Reuters) - U.S. cable operator Charter Communications Inc said on Friday its quarterly profit surged due to a $9.3 billion benefit related to the recent changes in U.S. corporate tax laws.

Charter's net income rose to $9.55 billion, or $34.56 per share, in the fourth quarter ended Dec. 31, from $454 million, or $1.67 per share, a year earlier.

Total revenue rose 3.2 percent to $10.60 billion, helped by strong growth in its residential services business that includes video, internet and voice services. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Savio D'Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below