Charter Communications Inc. reported fourth-quarter 2017 net income attributable to shareholders of $9.55 billion, or $34.56 per share, up from net income of $454 million, or $1.67 per share, in the year-ago period.
Notably, the company recorded a noncash GAAP tax benefit of $9.3 billion from a reduction in the deferred tax liability as a result of the enactment of the Tax Cuts and Jobs Act.
The GAAP S&P Capital IQ consensus estimate for the quarter was 82 cents.
Revenue for the fourth quarter of 2017 was $10.60 billion, up 3.2% year over year from $10.28 billion.
