Charter Shares Plummet After Broadband Numbers And Q1 Earnings Disappoint Wall Street
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Charter Communications shares plummeted more than 20% in early trading Friday after the company delivered first-quarter results that disappointed Wall Street. Earnings per share of $9.17 on a diluted basis fell well short of analysts’ consensus estimate of $10.63. Total revenue dipped 1% to $13.6 billion, hitting the Street’s target. Charter lost 120,000 broadband customers […]