By George Glover
Charter Communications posted mixed results on Friday, missing Wall Street's profit target but beating on revenue as its mobile-service business grew more quickly than expected.
The cable operator, which offers pay TV services and Spectrum internet service, reported adjusted first-quarter earnings of $8.42 a share, as revenue rose 0.4% from a year ago to $13.74 billion. Analysts were expecting earnings of $8.43 a share on revenue of $13.67 billion, according to a FactSet poll.
Charter said it lost 60,000 internet customers over the quarter, but added 514,000 mobile lines. Analysts were expecting it to add 448,000 mobile lines.
Charter shares climbed 1.7% in premarket trading. Futures tracking the S&P 500 were down 0.2%.
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(END) Dow Jones Newswires
April 25, 2025 07:37 ET (11:37 GMT)
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