tw telecom Reports Higher Revenues, Net Income

tw telecom inc. on Monday posted higher revenues and a larger profit in the fourth quarter over the same period a year ago.

Revenues grew 5.5 percent to $324.8 million.

Littleton, Colo.-based tw telecom reported a profit of $17.5 million. That figure reflects a 57.7 percent increase in net income over the same period a year ago.

For the 2010 year, the company reported revenues of $1.273 billion and net income of $271.4 million, which included a non-cash benefit of $227.3 million. Revenues increased 5.1 percent year over year.

The company reported basic annual earnings per share of $1.80.  Excluding a non-cash tax benefit and debt extinguishment costs, tw telecom posted EPS of $0.41, representing a 115.8 percent increase in EPS over 2009.

tw telecom ended the year with about 27,300 customers.

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