Charter Communications Stock Pacing for Best Day on Record After Earnings. Here’s Why.

Charter Communications Stock Pacing for Best Day on Record After Earnings. Here’s Why.·Barrons.com
In this article:

Shares of Charter Communications were on pace for their best day on record after the cable giant turned in a strong quarterly report. The company—which offers pay TV services and Spectrum internet—posted second-quarter earnings of $8.49 per share, beating Wall Street’s call for $7.98, according to FactSet. Revenue of $13.69 billion was above the $13.59 billion analysts had penciled in “driven by growth in residential mobile service, residential Internet, enterprise and other revenues, partly offset by lower residential video revenue,” according to the company.

Advertisement