Cable operator Charter quarterly earnings edges past estimates

Charter Communications Inc edged past analysts’ estimates for third-quarter revenue and profit on Friday, as the cable operator attracted more customers for its broadband services, offsetting a drop in pay TV subscribers. The second-largest broadband provider in the U.S. added 282,000 residential customers in the third quarter ended Sept. 30. Net income attributable to shareholders fell to $387 million, or $1.74 per share, in the reported quarter from $493 million, or $2.11 per share, a year earlier. …read more

Source:: Yahoo Finance

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