Charter shows growth in internet subscribers, but earnings miss - MarketWatch

Charter Communications Inc. CHTR, +3.01% saw an summation successful its number of residential net customers during the latest quarter, but the cablegram elephantine fell abbreviated of expectations connected earnings. The institution recorded third-quarter nett income of $1.19 billion, oregon $7.38 a share, compared with $1.22 billion, oregon $6.69 a share, successful the year-earlier period. Analysts tracked by FactSet were expecting $8.21 successful net per share. Charter besides posted adjusted net earlier interest, taxes, depreciation, and amortization (Ebitda) of $5.41 billion, up from $5.29 billion, portion analysts had been modeling $5.52 billion. Total gross accrued to $13.55 cardinal from $13.15 billion, whereas the FactSet statement was for $13.68 billion. The institution saw its number of full residential net customers summation by 61,000, portion residential video customers fell by 211,000. The institution added 396,000 mobile lines successful the 3rd quarter. Shares of Charter are disconnected 50% implicit the past 12 months arsenic the S&P 500 SPX, -0.61% has mislaid 17%.