Charter Communications, Inc., recently reported a profit for the fourth quarter that showed a decrease from the same period the previous year, not meeting Wall Street estimates. The company posted earnings of $1.06 billion, or $7.07 per share, which is a drop in comparison with the previous year's fourth quarter earnings of $1.20 billion, or $7.69 per share.
Thomson Reuters had compiled average analyst predictions forecasting Charter Communications to earn $8.68 per share. However, it should be noted that signature items are generally excluded from these estimates.
Interestingly, the company's revenue for the quarter did see an increase, albeit a marginal one of 0.3%, bringing it from $13.67 billion last year to $13.71 billion.
To provide a quick summary of Charter Communications, Inc.'s GAAP earnings at a glance:
- Fourth Quarter Earnings: This year $1.06 billion compared to $1.20 billion last year.
- Fourth Quarter Earnings Per Share (EPS): This year $7.07 compared to $7.69 last year.
- Wall Street Analyst Estimates: $8.68
- Fourth Quarter Revenue: This year $13.71 billion compared to $13.67 billion last year.
