Investing.com - Charter Communications (NASDAQ:CHTR) reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Charter Communications announced earnings per share of $1.86 on revenue of $11.74B. Analysts polled by Investing.com anticipated EPS of $2.6 on revenue of $11.78B. That with comparison to EPS of $1.11 on revenue of $11.21B in the same period a year before. Charter Communications had reported EPS of $3.28 on revenue of $11.76B in the previous quarter. Analysts are expecting EPS of $2.85 and revenue of $11.81B in the upcoming quarter.
Charter Communications shares are up 2.09% from the beginning of the year , still down 9.39% from its 52 week high of $546.54 set on February 19. They are outperforming the S&P 500 which is down 10.24% year to date.
Charter Communications follows other major Services sector earnings this month
Charter Communications's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.34 on revenue of $72.9B.
Visa A had beat expectations on Thursday with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.35 on revenue of $5.76B.
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