Liberty Global Inc. The international cable operator said Thursday that third-quarter earnings fell sharply as operating expenses surged.
Net income fell to $40.4 million, or 10 cents per share, from $445 million, or $1.03 per share, in the year-ago period.
The latest quarter included a gain of $553 million from the sale of an equity stake. The year-ago period was boosted by a gain of $625.4 million from the sale of discontinued operations.
Douglas County-based Liberty did not provide an adjusted figure. Analysts, whose estimates typically exclude items, expected a loss of 6 cents per share versus a loss of 40 cents per share last year, according to Thomson Financial.
Revenue jumped 39 percent to $2.26 billion from $1.62 billion last year, surpassing analyst estimates for $2.23 billion.
Red Robin Gourmet Burgers Inc. The Greenwood Village-based casual restaurant chain posted net income for the third quarter of $8.2 million, or 49 cents per diluted share, compared with earnings of $6 million, or 36 cent per share, in the comparable period of 2006. Total revenues for the period increased 27 percent to $188.7 million
Walt Disney Co. The entertainment giant said fourth-quarter profit rose on ESPN’s “Monday Night Football” and theme-park gains, reflecting CEO Robert Iger’s focus on television and tourism. Net income rose to $877 million, or 44 cents a share, from $782 million, or 36 cents, a year earlier, Burbank, Calif.-based Disney said Thursday.
Ford Motor Co. Its $380 million third-quarter loss, reported Thursday, was a fraction of the $5.2 billion lost at the same time last year. That amounted to 19 cents per share for July-September, a huge improvement over a staggering $2.79 loss per share in the year-ago period.
Without $350 million in special items, Ford would have come close to breaking even.
The automaker lost an adjusted $24 million, or 1 cent per share, for the quarter.
