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RCN revenue grows, loss widens
09:57PM Sunday May 11 2008 by lilhurricane
by Tucker Echols Staff Reporter

RCN Corp., which sells Internet, phone and cable services in several cities, boosted sales last quarter but lost more money.

Herndon-based RCN reported revenue increased 17 percent in the first quarter to $179.8 million, compared to $153.3 million in the year-ago period. The company's net loss widened to $26.2 million from $4.6 million during the same quarter last year when RCN booked a $15.7 million gain on the sale of a discontinued operation.

RCN said it had 421,000 residential and small-business customers at the end of the first quarter, 5,000 more than at the end of the fourth quarter last year and 14,000 more than one year ago.

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