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Charter: 2Q Earnings Snapshot

July 26, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHTR at https://www.zacks.com/ap/CHTR

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