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.
The Spectrum parent posted third-quarter earnings per share (EPS) of $8.82, with revenue up 1.6% to $13.8 billion. Both figures were above analysts' forecasts compiled by Visible Alpha.
Charter's internet customers declined by 110,000 to 30.3 million, and video customers slid 294,000 to 13.2 million. Analysts surveyed by Visible Alpha were looking for 30.1 million and 12.9 million, respectively.
The communications giant also posted a big jump in mobile customers, as those using Charter’s mobile lines jumped 26% to 9.4 million, more than anticipated.
Charter shares were up about 13% in intraday trading Friday, though even with Friday's gains, they've lost close to 5% of their value since the start of the year.
TradingView
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。