Charter Communications Q3 2023 EPS $8.25 Beats $7.94 Estimate, Revenues $13.584B Misses $13.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Charter Communications reported Q3 2023 earnings per share (EPS) of $8.25, beating the estimate of $7.94. However, the company's revenues of $13.584 billion fell short of the estimated $13.63 billion.
October 27, 2023 | 11:06 am
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NEUTRAL IMPACT
Charter Communications' Q3 2023 EPS exceeded expectations, but revenues did not meet estimates.
Charter Communications' EPS beat could be seen as a positive sign of profitability, potentially leading to a positive impact on the stock. However, the revenue miss might offset this positive impact as it indicates lower than expected sales, which could negatively affect the stock. Therefore, the overall short-term impact on the stock is neutral.
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RELEVANCE 100