For the reported quarter, The company delivered earnings of $10.66 per share, surpassing Wall Street estimates of earnings of $10.14 per share while rising 16.1 percent from a year earlier.
Quarterly revenue totaled $13.53 billion, beating Wall Street expectations of $13.51 billion despite falling 1.7% year over year primarily driven by lower residential video revenue.
Adjusted EBITDA for the second quarter was $5.4 billion, reflecting a 4.3 percent decrease from the same period last year and a 3.2 percent decline when excluding transition expenses.
“We operate in a competitive environment across all of our products, and our strategy for growing connectivity services is simple — deliver the best products, at the best overall value, with the best service,” commented, Chris Winfrey, President and CEO of Charter.
