Charter Stock Plunges After Quarterly Earnings Miss, Surprising Broadband Losses

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 ...