Reported 25 days ago
Charter Communications saw its shares soar after reporting a smaller-than-expected loss of broadband subscribers despite the expiration of a federal subsidy program. In the third quarter, the company lost 113,000 broadband customers, significantly less than analysts' estimates of 248,000. The firm's success in mobile services and a new pricing strategy contributed to a 1.6% revenue increase to $13.8 billion, along with a rise in earnings per share to $8.82. Looking ahead, Charter plans to promote several streaming services to attract new subscribers and strengthen its bundle offerings.
Source: YAHOO