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Charter Communications Rises Sharply as Revenue Jumps 6%, Beats Estimates
Charter Communications climbs after the broadband and cable operator beats Wall Street's fourth-quarter revenue expectations.
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The Stamford, Connecticut-based company said it had net income of $296 million, or $1.29 a share, down from $9.53 billion, or $34.56 a share, a year ago. Analysts had forecast earnings of $1.49 a share.
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Revenue totaled $11.2 billion, up 5.9% from a year ago, and beat Wall Street's expectations of $11.1 billion. The company said the revenue increase was driven by residential revenue growth of 3.9%, commercial revenue growth of 4.5%, and advertising revenue growth of 34.1%. Charter said it added 289,000 residential internet customers.
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https://www.thestreet.com/investing/char...yptr=yahoo
CHTR + 14%!
![[Bild: CHTRc1dl1500.png]](https://finviz.com/publish/013119/CHTRc1dl1500.png)
Charter Communications Rises Sharply as Revenue Jumps 6%, Beats Estimates
Charter Communications climbs after the broadband and cable operator beats Wall Street's fourth-quarter revenue expectations.
...
The Stamford, Connecticut-based company said it had net income of $296 million, or $1.29 a share, down from $9.53 billion, or $34.56 a share, a year ago. Analysts had forecast earnings of $1.49 a share.
...
Revenue totaled $11.2 billion, up 5.9% from a year ago, and beat Wall Street's expectations of $11.1 billion. The company said the revenue increase was driven by residential revenue growth of 3.9%, commercial revenue growth of 4.5%, and advertising revenue growth of 34.1%. Charter said it added 289,000 residential internet customers.
...
https://www.thestreet.com/investing/char...yptr=yahoo
CHTR + 14%!
