Charter sees earnings rise as cable customer base continues to grow

Dow Jones

Apr 30, 2021

MW Charter sees earnings rise as cable customer base continues to grow

Charter Communications Inc. (CHTR) saw profit more than double in the first quarter as the cable company's customer base continued to balloon. The company posted net income of $807 million, or $4.11 a share, up from $396 million, or $1.86 a share, a year earlier. Analysts surveyed by FactSet were expecting $4.25 a share in earnings. Charter's revenue rose to $12.5 billion from $11.7 billion and came in essentially flat with the FactSet consensus. Charter disclosed that it saw its total customer relationships increase by 302,000 in the first quarter. The company added 355,000 Internet customers in the period. "Our value-driven operating strategy of providing multiple high-quality products at lower prices than sold individually continues to drive our growth," Chief Executive Tom Rutledge said in a release. Charter shares have gained 10.3% over the past three months as the S&P 500 has risen 13.4%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

April 30, 2021 07:49 ET (11:49 GMT)

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(CHTR) saw profit more than double in the first quarter as the cable company's customer base continued to balloon. The company posted net income of $807 million, or $4.11 a share, up from $396 million, or $1.86 a share, a year earlier. Analysts surveyed by FactSet were expecting $4.25 a share in earnings. Charter's revenue rose to $12.5 billion from $11.7 billion and came in essentially flat with the FactSet consensus. Charter disclosed that it saw its total customer relationships increase by 302,000 in the first quarter. The company added 355,000 Internet customers in the period. \"Our value-driven operating strategy of providing multiple high-quality products at lower prices than sold individually continues to drive our growth,\" Chief Executive Tom Rutledge said in a release. Charter shares have gained 10.3% over the past three months as the S&amp;P 500  has risen 13.4%. \n</p>\n<p>\n  -Emily Bary; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 30, 2021 07:49 ET (11:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charter sees earnings rise as cable customer base continues to grow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharter sees earnings rise as cable customer base continues to grow\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-30 19:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Charter sees earnings rise as cable customer base continues to grow\n</p>\n<p>\n  <a href=\"https://laohu8.com/S/CHTR\">Charter Communications</a> Inc. (CHTR) saw profit more than double in the first quarter as the cable company's customer base continued to balloon. The company posted net income of $807 million, or $4.11 a share, up from $396 million, or $1.86 a share, a year earlier. Analysts surveyed by FactSet were expecting $4.25 a share in earnings. Charter's revenue rose to $12.5 billion from $11.7 billion and came in essentially flat with the FactSet consensus. Charter disclosed that it saw its total customer relationships increase by 302,000 in the first quarter. The company added 355,000 Internet customers in the period. \"Our value-driven operating strategy of providing multiple high-quality products at lower prices than sold individually continues to drive our growth,\" Chief Executive Tom Rutledge said in a release. Charter shares have gained 10.3% over the past three months as the S&amp;P 500  has risen 13.4%. \n</p>\n<p>\n  -Emily Bary; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 30, 2021 07:49 ET (11:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHTR","symbol_name":"特许通讯","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2131978550","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2131978550","pubTimestamp":1619783340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Charter sees earnings rise as cable customer base continues to grow\n\n\nCharter Communications Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHTR":"特许通讯"},"translate_title":"Charter认为有线电视客户群持续增长带来收益增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHTR":1,"CHFN":1},"content_text":"MW Charter sees earnings rise as cable customer base continues to grow\n\n\nCharter Communications Inc. (CHTR) saw profit more than double in the first quarter as the cable company's customer base continued to balloon. The company posted net income of $807 million, or $4.11 a share, up from $396 million, or $1.86 a share, a year earlier. Analysts surveyed by FactSet were expecting $4.25 a share in earnings. Charter's revenue rose to $12.5 billion from $11.7 billion and came in essentially flat with the FactSet consensus. Charter disclosed that it saw its total customer relationships increase by 302,000 in the first quarter. The company added 355,000 Internet customers in the period. \"Our value-driven operating strategy of providing multiple high-quality products at lower prices than sold individually continues to drive our growth,\" Chief Executive Tom Rutledge said in a release. Charter shares have gained 10.3% over the past three months as the S&P 500  has risen 13.4%. \n\n\n  -Emily Bary; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 30, 2021 07:49 ET (11:49 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}