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Charter Communications Analysts Increase Their Forecasts After Upbeat Q2 Earnings
Charter Communications Inc (NASDAQ:CHTR) reported better-than-expected second-quarter financial results on Friday.
Charter Communications reported fiscal second-quarter 2024 revenue growth of 0.2% year-on-year to $13.69 billion, beating the analyst consensus estimate of $13.59 billion. EPS of $8.49 beat the analyst consensus estimate of $7.95. The stock price gained after the results, according to data from Benzinga Pro.
Charter lost 154,000 residential Internet customers, largely driven by the end of the FCC’s Affordable Connectivity Program (“ACP”) subsidies, compared to 70,000 additions last year. Residential video customers decreased ...