Liberty Global Inc. (NASDAQ: LBTYA), which provides video, voice, internet and cable services to 17 countries, saw its fiscal first quarter profit tumble despite higher revenue.

On Thursday, the company reported a loss of $136.1 million, or 35 cents a share, compared with net income of $268.2 million, or 52 cents, in the year-earlier period.

Revenue grew 11 percent, however, to $2.11 billion from $1.49 billion a year ago.

A survey analysts by Thomson Financial produced consensus estimates of a loss of 10 cents a share on revenue of $2.07 billion.

The company's loss was driven principally by higher interest expense and losses on financial and derivative instruments, partially offset by higher operating in come and lower income tax expense.

Englewood, Colo-based Liberty Global said Western Europe drove growth in operating cash flow, with Switzerland up 30 percent. The Netherlands returned to double-digit growth as well, due to the company's launch of digital cable.

Based on the results that we delivered in Q1, we expect to achieve our full-year 2007 guidance targets, said president and CEO, Mike Fries.

Liberty Global shares gained 26 cents, or 0.70 percent, to reach $37.35 in mid-day trading on the Nasdaq Stock Market.

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