Why Charter Communications Stock Sank Today
Charter Communications(CHTR) The Motley Fool·2024-04-27 05:40
The company's inaugural quarter of 2024 didn't provide much fuel for optimism.Charter Communications (CHTR -1.73%) didn't end the stock trading week on a high note. The cable and telecom company published its latest quarterly earnings report Friday morning, and investors reacted with distaste. They traded Charter's shares down by almost 2% on the day, contrasting unfavorably to the S&P 500 index's 1% increase.Flat revenue in the first quarterIn its first quarter, Charter's revenue came in at $13.7 billion, ...