CHTR's third-quarter 2024 results reflect continued growth in residential Internet sales and residential mobile service revenues.
Charter Communications (CHTR) came out with quarterly earnings of $8.82 per share, beating the Zacks Consensus Estimate of $8.55 per share. This compares to earnings of $8.25 per share a year ago.
Charter Communications beat Wall Street estimates for quarterly results and reported fewer-than-expected broadband subscriber losses on Friday, sending shares up 6.6% in premarket trading.
Charter lost just 110,000 internet customers in the period, while analysts were expecting a loss of 250,000.
CHTR's Q3 2024 performance is likely to have been driven by strength in Spectrum's expanding network, offset by a decline in total residential revenues.
Besides Wall Street's top -and-bottom-line estimates for Charter (CHTR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Charter Communications presents a buy-the-dip opportunity, trading above its 30-week EMA and showing long-term bullish momentum despite short-term bearish momentum. The stock has pulled back 50% from its recent rally, finding support at the $320 level, with institutional buying evident in volume analysis. Relative strength is neutral, but upcoming earnings on November 1 could be pivotal; use a stop loss at $310 to manage risk.
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.
The upcoming U.S. presidential election has brought some volatility to the market. Telecommunications and media platforms stand to benefit from increased spend on political advertising.
Telecoms firm Charter Communications-owned Spectrum on Monday rolled out cheaper internet plans that would be bundled with its mobile and cable TV services, amid tough competition from Comcast and AT&T's DirecTV.
Cable giant Charter Communications, under the brand Spectrum, is unveiling new pricing and customer service changes meant to prove its commitment to reliability. The changes come as cable providers are experiencing major shifts in their broadband, TV and mobile businesses.
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