By Denny Jacob
Charter Communications posted slight increases to its top and bottom line in its latest quarter.
The cable company logged net income of $1.11 billion, or $7.55 a share, for the first quarter, compared with $1.02 billion, or $6.65 a share, a year earlier. Analysts polled by FactSet expected $7.78 a share.
Revenue ticked up $13.68 billion from $13.65 billion. Analysts polled by FactSet expected $13.75 billion.
Charter attributed the slight revenue bump to growth in residential mobile service, residential internet and advertising sales revenues, though partially offset by lower residential video revenue.
Total customers declined 0.6% to about 32 million from 32.2 million.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
04-26-24 0732ET