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Charter Communications, Inc. (CHTR) stock prices updated...
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Charter Communications, Inc. stock price
Charter Communications, Inc. latest news:
BRIEF-Berkshire Hathaway cuts share stake in IBM, Charter, ups stake in Apple
Berkshire Hathaway Inc(BRK/A): * Takes share stake in Bank of America(BAC). * Reports share stake of 679 million shares in Bank of America(BAC). * Ups share stake in Apple(AAPL) by 3 percent to 134.1 million shares. * Cuts share stake in Charter Communications (CHTR) by 10.1 percent to 8.5 million Class A shares.
Charter Communications still a buy despite weak third-quarter earnings, analyst says
Charter CFO said the impact of Hurricanes Irma, Harvey was not material. Charter Communications Inc. (CHTR) shares fell as much as 8.4% during intraday trade on Thursday after the telecommunications company reported third-quarter earnings that were below Wall Street expectations, and said it lost 104,000 traditional TV subscribers in the quarter. Evercore analyst Vijay Jayant wrote in a note to investors that he still views the company as a buy.
Charter shares fall 6% after company misses Q3 earnings, reports accelerated subscriber losses
Shares of Charter Communications Inc. were down nearly 6% in premarket trade on Thursday after the telecommunications company reported third-quarter earnings below Wall Street expectations and a loss of 104,000 TV subscribers. The company reported net income of $48 million, or 19 cents per share, compared with $189 million, or 69 cents per share during the same quarter a year ago. FactSet's per-share earnings consensus was 98 cents. Revenue for the quarter was $10.46 billion, up from $10.04 billion a year ago, but below FactSet's $10.49 billion consensus. Charter's TV subscriber losses accelerated in the quarter. The company lost 104,000 TV subscribers in the quarter, compared with 51,000 last year. Customer additions for its internet business, where it added 249,000, helped offset overall declines. Shares of Charter Communications are up nearly 20% in the year to date, while the S&P 500 index is up more than 14% and the Dow Jones Industrial Average is up 18%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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