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Charter Communications Analysts Cut Their Forecasts After Weak Earnings
Charter Communications Inc (NASDAQ:CHTR) reported worse-than-expected first-quarter results on Friday.
Charter Communications reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion. EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results, according to data from Benzinga Pro.
Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased ...