Charter CommunicationsNASDAQ: CHTR

Charter Communications (CHTR) shares surged Friday after the cable TV, mobile, and internet services provider reported better-than-anticipated results as it lost fewer subscribers than expected.

Charter Communications, Inc. (NASDAQ:CHTR) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 8:30 AM ET. The call will feature company representatives including Stefan Anninger, Christopher Winfrey, and Jessica Fischer, along with analysts from various firms. Please wait until the end of the presentation to ask any questions, and you will receive instructions for the Q&A session.

Charter Communications (CHTR) reported quarterly earnings of $8.82 per share, which is higher than the Zacks Consensus Estimate of $8.55 per share. This is an increase compared to last year's earnings of $8.25 per share.

Charter only lost 110,000 internet customers during this time, which is better than analysts had predicted, as they expected a loss of 250,000.

CHTR's performance in the third quarter of 2024 probably benefited from the growth of Spectrum's network, but this was countered by a drop in overall residential revenues.

Charter Communications offers a chance to buy at a lower price, as it is trading above its 30-week EMA and has strong long-term growth, even though it is facing some short-term challenges. The stock has decreased by 50% from its recent high but has found support around $320, with noticeable buying from institutions. While the relative strength is neutral, the earnings report on November 1 could be important, so it's wise to set a stop loss at $310 to limit potential losses.

Charter (CHTR) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

STAMFORD, Conn., Oct. 1, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) will hold a webcast on Friday, November 1, 2024, at 8:30 a.m.

Charter Communications, which runs the Spectrum brand, has given $1.3 million in grants to 66 nonprofit organizations as part of its 2024 Spectrum Digital Education program. Since its launch, the program has provided over 40,000 digital education classes and has helped more than 163,000 community members. This funding aims to assist communities in accessing digital tools, resources, and skills training.