STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Charter Communications Inc. (CHTR) on Friday reported first-quarter profit of $1.16 billion.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $9.17.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $9.97 per share.
The cable provider posted revenue of $13.6 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $13.53 billion.
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