Charter Communications shares fall over 6% on declining internet subscribers and $6.3 billion asset impairment
CHTR Charter Communications Inc
$134.06 +10.61%
View chart & analysis → - 1Charter Communications shares fell more than 6% in premarket trading.
- 2Charter reported a pro forma loss of 233,000 internet subscribers and a $6.3 billion impairment of franchise assets in the third quarter.
- 3Charter announced a $2 billion cost-cutting plan over the next 18 months.
So what's the key point?
Charter Communications lost 233,000 internet subscribers. The stock price fell by more than 6% as asset values were written down.
Source Investing.com +1 · View original ↗
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