Charter Communications (CHTR) Releases Earnings Results, Misses Expectations By $-0.32 EPS

Charter Communications (CHTR) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-1.68 earnings per share for the quarter, missing the analyst consensus estimate by $-0.32. Analysts had a consensus of $-1.36. The company posted revenue of $2530.00 million in the period, compared to analysts expectations of $2533.54 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.73 EPS.

Many Wall Street Analysts have commented on Charter Communications. Company shares were Reiterated by UBS on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 250 from a previous price target of $220 .Charter Communications was Upgraded by JP Morgan to ” Overweight” on Feb 25, 2016.

Charter Communications closed down -3.64 points or -1.73% at $206.43 with 33,48,849 shares getting traded on Wednesday. Post opening the session at $208.99, the shares hit an intraday low of $205.93 and an intraday high of $211.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 6, 2016, John D Jr Markley (director) sold 2,000 shares at $205.13 per share price. According to the SEC, on Mar 2, 2016, Jonathan Hargis (EVP/Chief Marketing Officer) sold 2,000 shares at $183.71 per share price. On Aug 28, 2015, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 7,000 shares at $180.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Charter Communications Inc. (Charter) is a provider of cable services in the United States offering a variety of entertainment information and communications solutions to residential and commercial customers. The Company sells its video Internet and voice services primarily on a subscription basis often in a bundle of two or more services. The Company provides broadband communications solutions to business and carrier organizations such as video entertainment services Internet access business telephone services data networking and fiber connectivity to cellular towers and office buildings. Through its hybrid fiber and coaxial cable network the Company offers its customers traditional cable video services as well as advanced video services Internet services and voice services. The Company’s voice services are primarily provided using voice over Internet protocol (VoIP) technology to transmit digital voice signals over the Company’s systems.

Charter Communications

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