Investing.com - Charter Communications reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Charter Communications announced earnings per share of $8.93 on revenue of $13.21B. Analysts polled by Investing.com anticipated EPS of $7.05 on revenue of $13.25B.
Charter Communications shares are down 13.95% from the beginning of the year , still down 32.05% from its 52 week high of $825.62 set on Thursday, September 2, 2021. They are outperforming the Nasdaq which is down 14.65% year to date.
Charter Communications follows other major Communication Services sector earnings this month
Charter Communications's report follows an earnings beat by Comcast on Thursday, who reported EPS of $0.77 on revenue of $30.34B, compared to forecasts EPS of $0.7302 on revenue of $29.76B.
Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.31 on revenue of $34.1B, compared to forecast for EPS of $1.29 on revenue of $33.93B.
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