BUZZ-Charter falls on larger-than-expected drop in Q3 broadband subscribers

Reuters
10/31
BUZZ-Charter falls on larger-than-expected drop in Q3 broadband subscribers

** Shares of broadband and cable TV provider Charter Communications CHTR.O fall 3.8% to $222.07 premarket

** CHTR reports loss of 109,000 internet customers in Q3, compared with expected decrease of 82,950, according to Visible Alpha.

** Co lost 70,000 video customers in Q3 vs decline of 294,000 in the same period last year

** Co reports Q3 revenue of $13.67 bln, missing analysts' estimate of $13.74 bln, according to data compiled by LSEG

** CHTR added 493,000 mobile lines, lower than 545,000 additions a year ago

** Up to last close, stock has fallen ~33% this year

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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