Information
Charter Communications, Inc. CHTR reported a second-quarter EPS miss on Friday....
Original sourceAI Summary
Charter reported Q2 EPS miss of $9.18 vs. $9.80 expected. Revenue increased by 0.6% year-on-year to $13.77 billion. 117,000 internet customers lost this quarter, an improvement from last year. Analysts lowered price targets post-earnings, signaling concerns. CEO emphasized growth potential in converged connectivity revenue.
Sentiment Rationale
The EPS miss and customer losses signal ongoing struggles. Historical precedent shows significant price impacts after quarterly misses.
Trading Thesis
Immediate bearish sentiment typically influences stock prices in the short-term. Similar stocks usually see impacts during subsequent trading days after poor earnings.
Market-Moving
- Charter reported Q2 EPS miss of $9.18 vs. $9.80 expected.
- Revenue increased by 0.6% year-on-year to $13.77 billion.
- 117,000 internet customers lost this quarter, an improvement from last year.
Key Facts
- Charter reported Q2 EPS miss of $9.18 vs. $9.80 expected.
- Revenue increased by 0.6% year-on-year to $13.77 billion.
- 117,000 internet customers lost this quarter, an improvement from last year.
- Analysts lowered price targets post-earnings, signaling concerns.
- CEO emphasized growth potential in converged connectivity revenue.
Companies Mentioned
- CMCSA (CMCSA)
- T (T)
- VZ (VZ)
Earnings
The reported losses and price target cuts indicate serious concerns affecting investor perception and stock dynamics.