Charter Communications Clocks Mixed Earnings In Q2, Residential Internet Customers Surge
Portfolio Pulse from Anusuya Lahiri
Charter Communications reported Q2 FY23 revenue growth of 0.5% YoY to $13.66 billion, missing consensus of $13.85 billion. The company added 70,000 residential Internet customers, compared to 17,000 last year. Verizon, AT&T, and T-Mobile also reported their earnings this week, with mixed results.
July 28, 2023 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Charter Communications reported lower than expected Q2 revenue but saw a surge in residential Internet customers.
Charter Communications missed revenue expectations, which could negatively impact the stock price. However, the increase in residential Internet customers could offset this in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
T-Mobile reported Q2 revenue of $19.2 billion, a decline of 2.6% YoY, missing the consensus.
T-Mobile's revenue decline and missed consensus could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Verizon reported a sales decline of 3.5% YoY to $32.6 billion, missing the consensus.
Verizon's sales decline and missed consensus could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
AT&T reported Q2 FY23 operating revenues of $29.9 billion, marginally beating the consensus.
AT&T's slightly better than expected revenue could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50