Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Charter Communications Inc (NASDAQ:CHTR) reported better-than-expected second-quarter financial results on Friday.
Charter Communications reported fiscal second-quarter 2024 revenue growth of 0.2% year-on-year to $13.69 billion, beating the analyst consensus estimate of $13.59 billion. EPS of $8.49 beat the analyst consensus estimate of $7.95. The stock price gained after the results, according to data from Benzinga Pro.
Charter lost 154,000 residential Internet customers, largely driven by the end of the FCC’s Affordable Connectivity Program (“ACP”) subsidies, compared to 70,000 additions last year. Residential video customers decreased by 393,000 versus a decrease of 189,000 in the prior year.
Charter Communications said it expects a 2024 capex of $12.0 billion (prior $12.2 billion – $12.4 billion). The company’s 2024 revenue and EPS consensus are $54.52 billion and $32.53.
Charter Communications shares gained 16.6% to close at $367.62 on Friday.
These analysts made changes to their price targets on Charter Communications following the announcement.
Read Next:
Posted In: CHTR