Charter Communications, Inc. (NASDAQ:CHTR) posts 3Q18 numbers; Tops Estimate

Charter Communications, Inc. (NASDAQ:CHTR) headquartered in Stamford, announced net income for the third quarter of $ 493.00 million or $ 2.11 per share, compared to income $ 48.00 million or $ 0.19 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 1.04 per share.

Top line figures for the third quarter rose 4% to $ 10.89 billion from $ 10.46 billion in the same quarter last year, where as analysts anticipated $ 10.94 billion.

Tom Rutledge, Chairman and CEO, commented, At the end of 2018, our integration of legacy TWC and Bright House will be largely complete and we will operate as a single company, with a superior product and value proposition. With significantly less customer-facing change in 2019, we expect continued improving service metrics with higher demand and retention, faster growth and falling capital intensity, driving meaningful free cash flow growth.

 

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