Charter Communications Beats Q3 Estimates On Strong Mobile Growth, Expanding Margins
Portfolio Pulse from Anusuya Lahiri
Charter Communications reported better-than-expected Q3 2024 results, with revenue and EPS surpassing analyst estimates. The company saw strong growth in mobile services and expanded margins, despite losing residential Internet and video customers. Charter's stock rose 5.9% premarket.
November 01, 2024 | 12:37 pm
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Charter Communications exceeded Q3 2024 earnings expectations with strong mobile growth and expanded margins. Despite losing residential Internet and video customers, the company reported a 1.6% revenue increase and a 5.9% premarket stock rise.
Charter's strong performance in mobile services and better-than-expected earnings results have positively impacted investor sentiment, leading to a 5.9% increase in premarket stock price. The company's ability to expand margins and improve free cash flow despite customer losses in other segments is seen as a positive sign.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100