Charter earnings: EPS loss on impairment, revenue beats on Cox consolidation
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Charter Communications (CHTR) posted a -$20.50 EPS for Q3 against a $9.54 estimate. That miss is mostly a $6.3B franchise impairment, a non-cash charge, so it says little about operations. Revenue of $16.51B beat the $13.53B estimate because Cox is now…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe EPS miss reflects a non-cash impairment, while revenue beat includes Cox and cost cuts are a catalyst.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q3 EPS was -$20.50 against a $9.54 estimate.
- 02Revenue of $16.51B beat the $13.53B estimate thanks to Cox.
- 03Management announced $2B in annualized opex savings over 18 months.
- 04The stock fell about 8% pre-market and traded at $122.39.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets