
Charter Communications Shares Plummet After Disappointing Q1 Earnings
Charter Communications' shares have slumped significantly following the release of its first-quarter results. The company's broadband numbers and overall Q1 earnings disappointed Wall Street investors.
Source Diversity
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Charter Shares Plummet After Broadband Numbers And Q1 Earnings Disappoint Wall Street
Charter Communications shares plummeted more than 20% in early trading Friday after the company delivered first-quarter results that disappointed Wall Street. Earnings per share of $9.17 on a diluted basis fell well short of analysts’ consensus estimate of $10.63. Total revenue dipped 1% to $13.6 billion, hitting the Street’s target. Charter lost 120,000 broadband customers […]
By Dade Hayes
Read full article →Charter Communications shares slump on Q1 results, dragging down sector peers
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