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Charter Communications Beat EPS and Revenue Estimates in Q2 2018

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Aug. 2 2018, Published 2:41 p.m. ET

Charter beat expectations

Charter Communications (CHTR) stock reacted positively to the company’s second-quarter earnings report on July 31, rising ~3.6%. The company again delivered a strong quarter, beating Wall Street’s expectations for both earnings and revenues. Its earnings beat the consensus Wall Street estimate by ~15%, with EPS rising ~121.2% YoY (year-over-year) to $1.15.

Charter’s revenues beat the consensus Wall Street estimate by ~0.5% in the second quarter. Its revenue increased ~4.8% YoY on a pro forma basis to $10.9 billion.

Charter lost 73,000 residential video customers in the second quarter, which was lower than analysts’ estimate of 108,000 losses. It gained 218,000 residential Internet customers, which helped raise its Internet component sales ~7.3% YoY to $3.8 billion.

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Peer comparisons

By comparison, Comcast (CMCSA), the biggest US cable company, posted second-quarter revenue growth of ~2.1% YoY at $21.7 billion. Frontier Communications’ (FTR) revenue fell ~6.2% YoY to $2.2 billion, and AT&T’s (T) fell ~2.1% YoY to $39 billion.

Check out all the data we’ve added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data, as well as dividend information. Take a look!

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