Charter Communications and Cox Communications announced a definitive agreement to combine their businesses, creating an industry leader valued at $34.5 billion. Charter stock surged over 20% this year.
The combined entity, which will change its name to Cox Communications within one year of the deal's closing, will assume Cox's approximately $12 billion in outstanding debt.
Most consumer discretionary businesses succeed or fail based on the broader economy. Over the past six months, it seems like demand trends are working against their favor as the industry
has tumbled by 5.8%. This drawdown was worse than the S&P 500’s 1% decline.
Cable, internet, and telephone services provider Charter (NASDAQ:CHTR) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $13.74 billion. Its non-GAAP profit of $8.42 per share was 2% below analysts’ consensus estimates.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Stay updated with the movements of the S&P500 index in the middle of the day on Monday. Discover which stocks are leading as top gainers and losers in today's session.
Scotiabank upgrades T-Mobile US from Sector Perform to Outperform, citing strong wireless market and company's consistent loading and growth potential.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
Curious about the top performers within the S&P500 index one hour before the close of the markets on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR)
jumped 11.2% in the afternoon session after the company reported strong first-quarter 2025 results, with earnings and EBITDA exceeding analysts' estimates, signaling improved cost control and solid profit growth. On the other hand, its number of internet subscribers missed. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
Curious about the top performers within the S&P500 index in the middle of the day on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
