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-0.000148847917121457 -0.000595391668485942 0.000535852501637404 0.000654930835334479 0.000138924722646701 0.00204417806180171 0.00601345585170784 0.00732272213070835
Stock impact report

Charter Communications Q1 results come up short of expectations [MarketWatch]

Charter Communications, Inc. - Class A (CHTR) 
Last charter communications, inc. - class a earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.charter.com
Company Research Source: MarketWatch
Charter Communications Inc. reported first-quarter results that came up short of expectations, as the COVID-19 pandemic led to advertising cancellations and higher customer service costs. Net cinome rose to $396 million, or $1.86 a share, from $253 million, or $1.11 a sahre, in the year-ago period. The FactSet consensus for earnings per share was $2.61. Revenue rose 4.8% to $11.74 billion, but was just below the FactSet consensus of $11.78 billion. Video revenue grew 0.9% to $4.42 billion to miss expectations of $4.45 billion and internet revenue rose 9.5% to $4.41 billion but was below expectations of $4.44 billion. The company added 290,000 Spectrum Mobile lines during the quarter. Charter said it spent $2.6 billion on share repurchases during the quarter. The stock, which was still inactive in premarket trading, has slipped 4.3% over the past three months, while the S&P 500 has declined 9.7%. Show less Read more
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