Lexington telephone operator Windstream announced fourth-quarter and year-end earnings on Friday that saw a boost from acquisitions during the quarter.
The company generated $981 million in sales in the fourth quarter, up 30 percent from $754.4 million a year earlier. Net income was $72.4 million, or 15 cents a share, down from $75.5 million, or 17 cents a share. Earnings were reduced by 4 cents a share because of $16 million in merger costs and $4 million in restructuring charges.
The company said it added more than 12,000 new high-speed Internet customers in the quarter, boosting its total to 1.3 million. The company had 434,000 television subscribers, through its partnership with Dish Network, at the end of the year. That's up 8 percent from the end of 2009.
However, its number of total access lines fell by around 36,000, or 3.6 percent year over year. Its total lines at the end of the year were 3.3 million.
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For the full year, revenue was $3.71 billion, up 24 percent from $3 billion in 2009. Its net income was $310.7 million, or 66 cents a share, down from $334.5 million, or 76 cents a share, in 2009.