Charter Communications ($CHTR) stock dropped by 2% as AT&T ($T) 5G Home services gained traction. Charter Communications reported Q1 2024 earnings with an adjusted EPS of $7.55 (below estimates of $7.78) and revenue of $13.68B (below estimates of $13.74B). The company still expects FY CAPEX between $12.2B to $12.4B. Charter Communications also announced $567M in buybacks for 1Q24. The stock price of $CHTR fell by 2.7% due to a broadband miss.
$CHTR earnings call 🧵
$CHTR (-2.3% pre) Charter Announces First Quarter 2024 Results https://t.co/RGstjlQZ8z
$CHTR approaching the $240s folks -2.7% after the broadband miss
$CHTR $567M of buybacks in 1Q24 https://t.co/TL4Lj4XMac
$CHTR | Charter Communications Q1 24 Earnings: - Adj EPS: $7.55 (est $7.78) - Revenue: $13.68B (est $13.74B) - Still Sees FY CAPEX $12.2B To $12.4B (est $12.3B) - Charter Communications 1Q Adj. EBITDA $5.5B (est. $5.46B) - Charter Communications 1Q CAPEX $2.8B (est. $2.89B)
New low for another FinTwit favorite $CHTR https://t.co/gFQGPDbEFE
$CHTR -2% today as $T 5G Home ramps https://t.co/jPprSCd8FF