Another analyst is cutting the cord on Charter Communications Inc. shares in light of pressures in the company’s broadband business. Charter CHTR, -16.51% surprised Wall Street with the magnitude of fourth-quarter broadband subscriber declines Friday, a dynamic that has analysts increasingly concerned about competition in the market for internet service — but also befuddled about the root cause of Charter’s weak numbers.“Management attributed the slowdown to increased [fixed-wireless access] availability as ...

Shares of Charter Communications (CHTR -16.28%), the cable and internet company behind Spectrum Internet, tumbled 15.7% through 12:45 p.m. ET on Friday after the company reported a big miss on its fourth-quarter earnings this morning.Heading into the quarter, analysts had forecast Charter would earn $8.68 per share on sales of $13.7 billion. Charter nailed the sales estimate, but missed badly on earnings, reporting a profit of only $7.07 per share. Charter Q4 sales and earningsCharter reported a 61,000-cust ...

Charter Communications (CHTR) delivered fourth-quarter 2023 earnings of $7.07 per share, which missed the Zacks Consensus Estimate by 6.7%. The reported figure increased 20.8% year over year.Revenues of $13.71 billion increased 0.3% on a year-over-year basis, owing to a rise in residential Internet, residential mobile service and other revenues, and higher mobile device sales, partly offset by lower residential video as well as advertising sales revenues. The top line missed the consensus mark by 0.1%.Segme ...

Conference Call Participants Charter Communications, Inc. (NASDAQ:CHTR) Q4 2023 Earnings Conference Call February 2, 2024 8:30 AM ET Jessica Fischer - Chief Financial Officer John Hodulik - UBS Operator I would now like to turn the call over to Stefan Anninger. On today's call, we have Chris Winfrey, our President and CEO; and Jessica Fischer, our CFO. Thanks, Stefan. While we are executing well on our long-term strategic initiatives and Spectrum One is working to drive mobile growth, Internet growth in our ...

Charter Communications (CHTR) reported $13.71 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.3%. EPS of $7.07 for the same period compares to $7.69 a year ago.The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $13.72 billion. With the consensus EPS estimate being $8.93, the EPS surprise was -20.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Shares in Charter Communications dropped 13% Friday morning after the company reported disappointing fourth-quarter earnings and a surprising loss of broadband subscribers. Charter said it lost 61,000 internet customers in the quarter ending December 31, compared with Wall Street analysts’ expectation for a slight gain. The stock was at $336.24 on heavier-than-normal trading volume. Earnings of $7.07 tumbled from $7.69 in the same quarter a year earlier and also fell way below analysts’ consensus forecas ...

Charter Communications (CHTR) came out with quarterly earnings of $7.07 per share, missing the Zacks Consensus Estimate of $8.93 per share. This compares to earnings of $7.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.83%. A quarter ago, it was expected that this cable provider would post earnings of $7.73 per share when it actually produced earnings of $8.25, delivering a surprise of 6.73%.Over the last four quarters ...

Fourth Quarter and Full Year 2023 Results Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forw ...

The upcoming report from Charter Communications (CHTR) is expected to reveal quarterly earnings of $8.90 per share, indicating an increase of 15.7% compared to the year-ago period. Analysts forecast revenues of $13.72 billion, representing an increase of 0.3% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates du ...

Charter Communications (CHTR) is set to report its fourth-quarter 2023 results on Feb 2.The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $13.72 billion, indicating a 0.34% increase from the year-ago quarter’s reported figure.The consensus mark for earnings dropped 0.1% to $8.93 per share in the past 30 days, suggesting a decline of 12.5% from the figure reported in the year-ago quarter.CHTR’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed ...