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How Charter Communications Performed in Q1

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Charter’s Q1 results

Charter Communications (CHTR) delivered mixed first-quarter on April 30, slightly beating analysts’ revenue estimate but missing their earnings estimate. Charter had risen 30.2% year-to-date as of May 1, the most among telecom peers. AT&T (T) and T-Mobile (TMUS) have gained 11.4% and 15.7%, respectively, while Sprint (S) and Frontier (FTR) have fallen 4.5% and 7.1%.

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Charter’s earnings and revenue

Charter’s net income rose YoY (year-over-year) in the first quarter, to $253 million from $168 million. Its adjusted EPS of $1.11 missed analysts’ expectation of $1.42 but rose 58.5% YoY from $0.70, boosted by top-line growth and improved adjusted EBITDA.

The telecom company’s revenue rose 5.1% YoY to $11.21 billion, beating analysts’ estimate. Its residential and commercial revenue grew 4.2% and 4.3%, respectively, and Charter posted mobile revenue of $140 million in Q1 2019.

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