Ray Washburne, Charter Holdings CEO and Sunoco chairman, joins 'Squawk on the Street' to discuss the trajectory for the consumer, the headwinds facing the economy, and much more.
CNBC's David Faber sits down with Chris Winfrey, Charter Communications CEO, on 'Squawk on the Street' to discuss industry outlooks.
Charter Communications (CHTR) shares surged Friday after the cable TV, mobile, and internet services provider reported better-than-anticipated results as it lost fewer subscribers than expected.
Charter Communications, Inc. (NASDAQ:CHTR ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Stefan Anninger - Vice President of Investor Relations Christopher Winfrey - President and Chief Executive Officer Jessica Fischer - Chief Financial Officer Conference Call Participants Kutgun Maral - Evercore ISI Benjamin Swinburne - Morgan Stanley Jonathan Chaplin - New Street Research Craig Moffett - MoffettNathanson John Hodulik - UBS Steven Cahall - Wells Fargo Operator Hello and welcome to Charter Communications' Third Quarter Investor Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session.
The headline numbers for Charter (CHTR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Charter Communications CEO Chris Winfrey said the company's ongoing integration of streaming services for Spectrum TV and internet customers will have “a pretty significant impact on acquisition and retention.” Speaking to Wall Street analysts on the company's third quarter earnings call, Winfrey said he expects deals with Disney, Warner Bros.
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.