Charter Stock Down 9% After Disappointing 3q Results

Discussion in 'Stock Market Forum' started by Rob Phill, Oct 26, 2017.

  1. Rob Phill

    Rob Phill Member

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    Charter stock down is nearly 9% after the firm reported its 3Q results. Similar to other cable operators, the company continues to lose subscribers to online video streaming service providers because of their cheap source of TV programming. Notably, in the second quarter of 2017, the company lost 90,000 video customers in the residential segment. This quarter it lost more than 100,000 customers in residential segment. Charter Communications lags earnings estimate in third quarter 2017. Here is the earnings highlights: http://alph.st/ba29fb4c
     

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