Charter stock gains after earnings beat [MarketWatch]
Charter Communications, Inc. - Class A (CHTR)
Last charter communications, inc. - class a earnings: 5/1 07:00 am
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ir.charter.com
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Source: MarketWatch
Charter stock gains after earnings beat Charter Communications Inc. shares CHTR, +0.46% were up 2.2% in premarket trading Friday after the company posted a sizable fourth-quarter earnings beat. The company reported net income of $714 million, or $3.28 a share, up from $296 million, or $1.29 a share, in the year-prior quarter. Earnings per share came in significantly above the FactSet consensus, which called for $2.52. Charter said that the increase in net income was mainly driven by a rise in adjusted earnings before interest, taxes, depreciation, and amortization and a non-cash loss in the year-earlier period compared with a gain in the most recent quarter. Quarterly revenue rose to $11.76 billion from $11.23 billion and came in a bit above the consensus forecast, which was for $11.73 billion. Charter shares have added 5.4% over a three-month span as the S&P 500 SPX, +0.31% has increased 8.1%.
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CHTR
Earnings
- 11/1/24 - Beat
CHTR
Sec Filings
- 11/20/24 - Form 425
- 11/20/24 - Form 425
- 11/18/24 - Form 4
- CHTR's page on the SEC website