UPDATED with closing prices. Charter Communications shares plummeted 25.5% Friday, their biggest single-day sell-off, after the company delivered first-quarter results that disappointed Wall Street.
Earnings per share of $9.17 on a diluted basis fell well short of analysts’ consensus estimate of $10.63. Total revenue dipped 1% to $13.6 billion, hitting the Street’s target.
Charter lost 120,000 broadband customers during the quarter, more than twice the decline of 59,000 in the year-earlier period. The downturn was bigger than the 100,000 losses projected by analysts.
Shares in Charter closed at $180.13 after touching $178, their lowest point in more than 10 years. They are down 14% in 2026 to date. Rival Comcast’s stock, after rising sharply Thursday on the company’s strong earnings report, also got dragged down due to investor worries about its troubled broadband operation. It closed Friday at $27.51, down 13%. Comcast execs on their Thursday call
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