Charter Communications, Inc. - Class A Common Stock (CHTR)
363.35
-16.18 (-4.26%)
Charter Communications Inc is a leading telecommunications company that provides various services, including high-speed internet, cable television, and voice services to residential and business customers
Operating primarily under the Spectrum brand, Charter focuses on delivering top-tier entertainment and communication solutions, which are designed to meet the evolving needs of its subscribers. The company is committed to enhancing customer experience through innovative technology and reliable service, striving to connect communities with fast and accessible internet connectivity along with a diverse range of programming options.
Charter’s 17.9% return over the past six months has outpaced the S&P 500 by 12.8%, and its stock price has climbed to $383.08 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
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Cable, internet, and telephone services provider Charter (NASDAQCHTR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 1.6% year on year to $13.93 billion. Its GAAP profit of $10.10 per share was 9.5% above analysts’ consensus estimates.
Major stock indices have completed their recovery following Monday's sharp drop, buoyed by tech stocks rallying on the back of solid earnings and positive macroeconomic data. The S&P 500 index stands at 6,118 points at midday trading in New York, not far from the all-time high of 6,128 points reached last Friday.
Charter Communications reported Q4 2024 revenue growth of 1.6% to $13.93B, beating analyst estimates. EPS of $10.10 also beat expectations, resulting in a stock price gain.
Cable, internet, and telephone services provider Charter (NASDAQCHTR)
will be reporting earnings tomorrow before the bell. Here’s what investors should know.
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