CHTR - These Analysts Cut Their Forecasts On Charter Communications After Downbeat Earnings | Benzinga
Charter Communications, Inc (NASDAQ: CHTR) reported weaker-than-expected fourth-quarter earnings on Friday.
Charter Communications reported fourth-quarter FY23 revenue growth of 0.3% year-on-year to $13.711 billion, beating the consensus of $13.699 billion. EPS of $7.07 missed the consensus of $8.73, according to data from Benzinga Pro.
Revenue growth of 3.0% in Internet, 35.7% in Mobile service, and 0.9% in Commercial aided the top line. Adjusted EBITDA margin expanded by 50 bps to 40.6%.
Charter Communications expects a 2024 Capex of $12.2 billion – $12.4 billion versus the actual of $11.1 billion in FY23.
"Our rural footprint expansion is ...