Charter: 2Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Charter Communications Inc. (CHTR) on Friday reported second-quarter profit of $314 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.39.
The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The cable provider posted revenue of $11.35 billion in the period, also missing Street forecasts. Fourteen analysts surveyed by Zacks expected $11.39 billion.
Charter shares have risen 42% since the beginning of the year. The stock has climbed 48% in the last 12 months.