Written by StockNews.com

Charter Communications, Inc. (Nasdaq: CHTR) early Thursday [Feb 16, 2017 | 7:09am] posted market-beating fourth quarter earnings results, as the company continues to digest its recent acquisitions of both Time Warner Cable and Bright House Networks.

The Stamford, CT-based cable TV and internet provider reported Q4 EPS of $1.67, which was $0.58 better than the Wall Street consensus estimate of $1.09. Revenues rose 7.2% from last year to $10.28 billion, also topping analysts’ $10.23 billion view.

Charter said its improved results were driven primarily by growth in internet, commercial, advertising and video revenues.

Speaking of video revenues, that segment saw $4.1 billion in Q4 sales, up 1.9% from the year-ago period. Meanwhile, Internet revenues surged 13.3% to $3.3 billion. Voice revenues fell 0.5% to $719 million in the fourth quarter, commercial revenues jumped 11.8% to $1.4 billion, and advertising sales grew 20.8% to $506 million, helped by higher political advertising.

The company commented via press release:

“Since the close of our transactions in May, we have been managing the complicated process of integrating three different companies with over 26 million customers and 90 thousand employees. Despite the complexity, our integration is going well. We also continued to grow in 2016, with pro forma customer growth of nearly 5%, revenue growth of 7%, and double digit Adjusted EBITDA growth,” said Tom Rutledge, Chairman and CEO of Charter Communications, Inc. “In 2017, we remain focused on applying our growth-oriented operating strategy across our new footprints, driving more customer satisfaction, growth, and shareholder value.”

Charter Communications, Inc. shares were unchanged in premarket trading Thursday. Year-to-date, CHTR has gained 12.94%, versus a 5.10% rise in the benchmark S&P 500 index during the same period.

CHTR currently has a StockNews.com POWR Rating of B (Buy), and is ranked #8 of 12 stocks in the Entertainment – TV & Internet Providers category.