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.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Charter Communications Inc. shares have lagged this year, falling more than 20% as the S&P 500 has increased almost 16%.
In some countries, Elon Musk's satellite-based internet service provider (ISP), Starlink, has been sharply cutting prices. For example, in March the company reduced its monthly subscription fee to just 50 euros in Holland.