Charter's (CHTR) second-quarter 2024 results reflect continued growth in Internet sales and residential mobile service revenues.
Charter Communications (CHTR) shares soared Friday after the cable, phone, and internet provider posted better-than-expected results on higher demand for its mobile service.
While the top- and bottom-line numbers for Charter (CHTR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The cable giant topped quarterly estimates for earnings and sales.
Charter Communications (CHTR) came out with quarterly earnings of $8.49 per share, beating the Zacks Consensus Estimate of $7.55 per share. This compares to earnings of $8.05 per share a year ago.
Charter Communications beat Wall Street estimates for quarterly profit and reported fewer-than-expected broadband subscriber losses on Friday, sending its shares up 7% in premarket trading.
Charter Communications' (CHTR) Q2 2024 performance is likely to have weakened due to the sluggishness of total residential revenues driven by a decline in residential customer relationships.
Charter (CHTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Charter Communications (CHTR) partners with TelevisaUnivision to bring the new ad-supported premium subscription of ViX at no additional cost to Spectrum users.
Zacks Cable Television industry participants like CMCSA, CHTR, RCI and LBTYA are benefiting from growing demand for high-speed Internet and increased media consumption amid cord-cutting.
Citigroup analyst Michael Rollins downgraded Charter Communications Inc CHTR from Neutral to Sell and lowered the price target from $280 to $255. The stock fell on Wednesday.