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

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: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.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Broadband Billion Cent Losses Reported Internet Charter Customers Quarter Estimates Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 20:29:34 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23364536

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 2 hours ago

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