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via finance.yahoo.comBusiness & Companies

Charter shares fall 6% premarket as Q3 Internet subscriber losses worsen

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Charter Communications (NASDAQ:CHTR) shares fell over 6% in premarket trading on Friday after the U.S. cable and broadband provider reported worsening quarterly Internet subscriber losses and a $6.3 billion franchise writedown, and announced a $2 billion…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSubscriber losses and a $6.3 billion writedown weigh on the stock, while a $2 billion cost plan aims at recovery.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Charter lost 233,000 Internet customers in Q3 on a pro forma basis.
  2. 02The $6.3 billion franchise impairment drove a net loss of $2.4 billion attributable to shareholders.
  3. 03The company announced a $2 billion cost-cutting plan to return to customer growth.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Charter Communications, Inc.CHTRStock125.86 USDMarket closedtoday +4.67%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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