Charter Communications falls after the accounts











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(Boursier.com) — Charter Communications gives ground before the stock market on Wall Street. The US cable giant fell short of earnings expectations. The company posted net profit group share of $1.2 billion in the fourth quarter, compared to $1.61 billion over the same period the previous year. EPS came out at $7.79. Analysts tracked by FactSet were expecting $8.83 in earnings per share. Charter also posted adjusted earnings before interest, tax, depreciation and amortization of $5.5 billion, up 2% year-on-year. Quarterly revenue rose 3.5% to $13.7 billion, with growth in mobile revenue (38.7%) and ad sales (24.6%).


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