00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Charter communication shares tumbled after the company reported it lost more internet
00:06customers than expected during the second quarter, according to Bloomberg.
00:09Lost comes amid increased pressure for mobile companies' 5G and fiber home internet offerings.
00:14Charter lost 111,000 residential internet customers, exceeding iOS expectations of 73,250.
00:20Charter reported earnings per share of $9.18, missing the $9.82 estimate,
00:25while revenue met expectations at $13.8 billion.
00:29Major U.S. telecom companies gained internet subscribers by bundling wireless service
00:32with 5G or fiber offerings amid declining cable TV viewership.
00:36Shares fell 8.4% in early Friday training.
00:39For all things money, visit Benzinga.com.
Comments