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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Charter Communications Inc New | NASDAQ:CHTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.76 | 1.75% | 276.11 | 264.00 | 285.00 | 276.51 | 270.86 | 272.18 | 812,684 | 01:00:00 |
By Allison Prang
Charter Communications Inc.'s profit rose amid higher revenue in the second quarter.
The company's profit attributable to shareholders was $1.02 billion, up from $766 million a year ago. Earnings were $5.29 a share, up from $3.63 a share a year earlier. Earnings were higher than the consensus estimate from FactSet.
Revenue rose 9.5% to $12.8 billion. Analysts were expecting $12.62 billion.
Charter's residential customers grew by 299,000 in the three months ended June 30, down from the 751,000 added in the second quarter of 2020, when Covid-19 lockdowns forced many employees to work from home. The residential-customer growth was up from 164,000 additions in the second quarter of 2019.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 30, 2021 07:30 ET (11:30 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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