Net income down, but revenues rise

Cox Communications Inc. of Atlanta today reported net income of $143 million, or 23 cents per share, for the quarter ending Sept. 30. This was a decline of 83 percent from the year-ago quarter.

The drastically lower income was caused largely by a 62 percent decline in gain on investments, which fell to $470.1 million from $1.25 billion.

Cox's revenues, however, rose 14 percent to $1.03 billion, while operating cash flow increased 12 percent to $396 million.

Cox is the dominant cable television provider in the Las Vegas Valley.

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