Charter Communications, Inc. (NASDAQ:CHTR) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Charter Communications, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.42 in the quarter versus EPS of $-0.95 in the year-earlier quarter.
Revenue: Rose 4.93% to $1.92 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Charter Communications, Inc. reported adjusted EPS loss of $0.42 per share. By that measure, the company beat the mean analyst estimate of $-0.61. It beat the average revenue estimate of $1.9 billion.
Quoting Management: “Less than a year ago, we implemented a new strategy that substantially changed the way that Charter does business. While we still have more work to do, significant progress is evident in our first quarter results,” said Tom Rutledge, Charter President and CEO. “Our new operating strategies are having a positive impact on our customers, employees and the underlying fundamentals of our business. Our two-way, interactive, high capacity network offers significant competitive advantages, and our strategy is to fully leverage those benefits to drive improved product and service delivery, operating performance, and revenue and free cash flow growth.”
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