Virgin Media Under Estimates

Virgin Media Inc. (NASDAQ:VMED) declared financial results for the fourth quarter 2009. Quarterly total revenue of $1,538 million was up 11.8% year-over-year but fell below the Zacks Consensus Estimate of $1,560 million. The year-over-year increase in revenue was primarily due to significant growth of the consumer cable segment. 
 
Net loss, in the fourth quarter was $148.2 million or 46 cents per share compared to a net loss of $274 million or 83 cents in the prior-year quarter. However, … [visit site to read more]


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