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Stock impact report

Charter shares down nearly 6% after earnings miss consensus estimate [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 stock falls 5.9% after earnings miss A previous version of this article said that profit fell in the latest quarter. It has been corrected. Shares of Charter Communications Inc. CHTR, -1.02% dropped 5.9% in premarket trade Friday after the company announced second-quarter profit and revenue that missed expectations. Profit rose to $314 million, or $1.39 a share, from $273 million, or $1.15 a share, in the year-earlier quarter. Analysts polled by FactSet had been expecting EPS of $1.81 a share. Revenue rose 4.5% to $11.347 billion from $10.854 billion a year ago, but fell short of the FactSet consensus of $11.383 billion. During the second quarter, the company had video net losses of 141,000 and wireline voice net losses of 82,000. Charter stock has gained 42.3% in the year to date through Thursday, while the S&P 500 SPX, -0.53% has gained 19.8%. Show less Read more
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