Charter beats Q3 estimates with smaller-than-expected broadband subscriber losses

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Charter beats Q3 estimates with smaller-than-expected broadband subscriber losses - Channel News Asia

Quick Summary:

:Charter Communications beat Wall Street estimates for quarterly results and reported fewer-than-expected broadband subscriber losses on Friday, sending shares up 16 per cent in early morning trading.

However, increased spending on infrastructure repairs partially offset this decrease following recent hurricanes.

The broadband losses were primarily due to the end of a U.S.federal internet subsidy for low-income households.