Charter Communications, Inc. (NASDAQ:CHTR) had a loss and missed Wall Street’s expectations, BUT 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 $-0.96 in the quarter versus EPS of $-0.84 in the year-earlier quarter.
Revenue: Rose 4.67% to $1.97 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Charter Communications, Inc. reported adjusted EPS loss of $0.96 per share. By that measure, the company missed the mean analyst estimate of $0.34. It beat the average revenue estimate of $1.97 billion.
Quoting Management: “We continued to make progress in the second quarter, executing on our plan to grow market share by delivering better products, service and value to our customers,” said Tom Rutledge, President and CEO of Charter Communications. “Two-thirds of our Internet customers receive speeds of at least 30 Mbps, and we offer over 100 HD channels in nearly all of our markets, with more to come as we go all-digital and introduce new products. Combined with improvements to our selling and customer service operations, we are driving deeper penetration of our services into the home, which we expect will lead to growth in market share, cash flow and return on investment.”
Key Stats (on next page)…
Revenue increased 2.87% from $1.92 billion in the previous quarter. EPS increased to $-0.96 in the quarter versus EPS of $-0.42 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.67 to a profit $0.37. For the current year, the average estimate has moved up from a loss of $1.62 to a profit of $0.74 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)