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Wire

Charter Communications Poised to Face Continued Broadband Losses, Cost Cuts After Cox Deal, RBC Says

Charter Communications (CHTR) is likely to face continued broadband subscriber losses, weak pricing, lower earnings, reduced buybacks and pressure to cut costs, while the planned Cox deal could create room for a larger restructuring, RBC Capital said in a note Monday.RBC now expects Charter to lose 473,000 broadband customers in 2026 and 453,000 in 2027, up from its previous loss estimates of 425,000 and 405,000, respectively, with broadband subscriber losses to remain a long-term issue as fiber and fixed wireless competition grows, as Charter is expected to potentially lose about 2 percentage points of market share each year.Charter may need major cost cuts in the coming months as revenue remains under pressure and expenses rise, with a broader cost program likely after the Cox deal closes, RBC added.The Cox deal is expected to to close in mid-to-late August without major problems and potential for cost savings beyond planned synergies, including removing overlapping positions, according to the note.RBC kept its sector perform rating cut its price target to $150 from $160, saying it expects Charter's stock buybacks to stay below past levels as the company deals with weaker earnings before interest, taxes, depreciation, and amortization, and focuses more on reducing debt after the Cox transaction.Price: $128.76, Change: $+5.44, Percent Change: +4.42%

$CHTR
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks advanced late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, MarineMax (HZO) shares jumped past 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Rivian Automotive (RIVN) filed a lawsuit in the US Court of International Trade seeking refunds of tariffs it paid under the International Emergency Economic Powers Act after the US Supreme Court ruled the levies were unlawful, according to a Thursday court filing. Rivian shares were down 3.9%.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were down 0.5%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 5.2%, and Charter fell 2.9%.Starbucks (SBUX) is expected to report continued sales momentum in fiscal Q3 as its turnaround plans and new sales initiatives supported a recovery in the US business, UBS Securities said in a note. Starbucks shares added 0.6%.

$CHTR$HZO$LW$RIVN$SBUX$VZ
Sectors

Sector Update: Consumer Stocks Higher in Afternoon Trading

Consumer stocks advanced Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.6%.In corporate news, MarineMax (HZO) shares jumped nearly 8% after Reuters reported that Blackstone (BX) is among the final bidders to buy the company. Donerail and Centerbridge are also finalists, the report said.Lamb Weston (LW) provided upbeat full-year earnings guidance after delivering a fiscal Q4 beat, while the company said disruption from the Middle East conflict weighed on its business in Europe, the Middle East and Africa. Its shares were up 0.7%.Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in Q2, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures. Verizon shares gained 3.7%, and Charter fell 2.2%.

$CHTR$HZO$LW$VZ
Verizon Lifts Earnings Outlook; Charter Communications Reports Broadband Customer Drop
US Markets

Verizon Lifts Earnings Outlook; Charter Communications Reports Broadband Customer Drop

Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber gains in the second quarter, while Charter Communications (CHTR) reported a decline in broadband customers due to competitive pressures.Verizon now forecasts adjusted per-share earnings of $4.99 to $5.04 for 2026, above the FactSet-polled consensus of $4.98. It previously set a guidance range of $4.95 to $4.99.Verizon's adjusted EPS for the June quarter rose to $1.30 per from $1.22 a year earlier, topping the consensus of $1.28. Operating revenue fell 0.7% to $34.25 billion, missing the Street's $35.16 billion estimate, as equipment revenue plunged nearly 20%.The company added 184,000 retail postpaid phone subscribers during the quarter, compared with the consensus estimate of 106,000 net additions. Verizon lost 9,000 subscribers in the prior-year period. Its consumer postpaid phone net adds were the best in the last five years, Verizon said.Shares of Verizon were up 3% in Friday trade, taking year-to-date gains to nearly 11%.Verizon continues to expect this year's postpaid phone net adds in the upper half of its guidance range of 750,000 to 1 million, which it said would be about two to three times last year's additions. Analysts expect subscribers to grow by 967,100 in 2026.Earlier this week, AT&T (T) reported second-quarter earnings that beat Wall Street's estimates as stronger-than-expected growth in wireless subscribers boosted revenue. T-Mobile US (TMUS) second-quarter earnings unexpectedly increased year over year, though revenue fell short of market estimates as postpaid net account additions declined annually.Separately, Charter said its residential Internet customers dropped by a net 166,000, more than the Street's view for a loss of 123,00 subscribers."We've been facing top of the funnel softness," Charter Chief Financial Officer Jessica Fischer said on an earnings call, according to a FactSet transcript. "We continue to see expanded fixed wireless competition versus a year ago, including lower sales from low-income consumers, ongoing mobile substitution and fiber overlap growth at a rate similar to prior quarters, with aggressive promotions by certain competitors."Residential and small business video customers declined by a combined 21,000, including 11,000 in the residential segment. The company added 406,000 total mobile lines, compared with 491,000 additions during the second quarter of 2025.Charter's June-quarter revenue fell 1.7% annually to $13.53 billion, while analysts expected $13.51 billion. EPS rose to $10.66 from $9.18 a year earlier.Shares of Charter declined 4.1% intraday. The stock has slid 42% so far this year.Price: $45.14, Change: $+1.32, Percent Change: +3.01%

$CHTR$T$TMUS$VZ
Stocks Rise Pre-Bell as Traders Assess New US Tariffs, Latest Middle East Developments
US Markets

Stocks Rise Pre-Bell as Traders Assess New US Tariffs, Latest Middle East Developments

The benchmark US stock measures were trending higher before the open Friday as investors assess Washington's new phase of global tariffs and the latest developments in the Middle East.The S&P 500 and the Nasdaq gained 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.5%. The indexes ended the previous trading session lower, with the Nasdaq and S&P 500 recording their biggest one-day declines since June 23.In a fact sheet published on Thursday, the Office of the US Trade Representative announced new tariffs of 10% or 12.5% on 60 economies that it said have failed to prohibit or effectively enforce bans on imports made with forced labor, including China, India, the UK and the European Union.The duties took effect at 12:01 a.m. ET Friday, replacing President Donald Trump's temporary 10% global tariffs, which expired at the same time, CNBC reported.Earlier this week, Trump signed three proclamations to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada.West Texas Intermediate crude oil dropped 3.5% to $88.99 a barrel before the opening bell, while Brent fell 3.6% to $97.13.Trump told Axios on Thursday that he is seriously considering restarting major combat operations against Iran. The US Central Command said it completed its 13th consecutive night of strikes against Tehran on Thursday.The Iran-backed Houthi militants in Yemen recently claimed attacks on two Saudi Arabian oil tankers in the Red Sea, sparking concerns over a potential closure of the Bab el-Mandeb Strait, an alternate shipping route to the Strait of Hormuz.In a social media post, Trump said the US will hold Iran responsible and threatened "major military punishment" if its Houthi proxies continued to attack commercial ships.Treasury yields were down in premarket action, with the two-year rate retreating 3.4 basis points to 4.33% and the 10-year rate off 2 basis points to 4.68%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week stood at 71% on Friday, up from 66% the day before, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase moved down to 29% from 34%.Shares of Intel (INTC) advanced 5.3% pre-bell after the chipmaker reported second-quarter results ahead of Wall Street's estimates. Oracle (ORCL) inclined 2.6% as the cloud computing giant secured a 10-year enterprise software contract worth nearly $7 billion with the US Department of War.American Express (AXP), Verizon Communications (VZ), HCA Healthcare (HCA), SLB (SLB), Charter Communications (CHTR), Booz Allen Hamilton (BAH) and Lamb Weston (LW) report their latest financial results before the bell, among others.Friday's economic calendar has the S&P Global's (SPGI) flash purchasing managers' index for July at 9:45 am ET, followed by the new home sales report for June at 10 am. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Gold nudged up 0.3% to $4,061 per troy ounce, while bitcoin increased 0.2% to $64,949.

Dow JonesNasdaq CompositeS&P 500$AXP$BAH$CHTR$HCA$INTC$LW$ORCL$SLB$SPGI$VZ
Wire

New Street Research Adjusts Charter Communications Price Target to $300 From $302, Maintains Buy Rating

Charter Communications (CHTR) has an average rating of hold and mean price target of $248, according to analysts polled by FactSet.Price: $140.60, Change: $+0.76, Percent Change: +0.54%

$CHTR
Research

Research Alert: CFRA Maintains Strong Sell Opinion On Shares Of Charter Communications, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $45 to $115, applying an EV/EBITDA multiple of 5.1x to our 2026 estimate, a discount to its three-year historical average multiple of 6.7x. We trim our 2026 EPS estimate by $0.93 to $40.32 and lower 2027 by $5.97 to $44.22. The competitive environment remained intense across multiple fronts. Charter continued to face expanding fixed wireless competition, with AT&T actively filling gaps left by other competitors that had slowed their expansion efforts. Fiber overbuilders maintained their pace of expansion at rates similar to previous quarters, creating ongoing overlap in Charter's markets. In addition, the housing environment remained muted, with slow household formation and low move rates limiting opportunities for new customer acquisition. Mobile substitution, where customers replace home internet with mobile-only solutions, continued to impact the business.

$CHTR
Wire

Deutsche Bank Adjusts Charter Communications Price Target to $215 From $235, Maintains Hold Rating

Charter Communications (CHTR) has an average rating of Hold and mean price target of $281.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $177.62, Change: $-2.51, Percent Change: -1.39%

$CHTR
Research

Research Alert: CFRA Maintains Strong Sell Opinion On Shares Of Charter Communications, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target by $5 to $160, applying an EV/EBITDA multiple of 5.3x to our 2026 estimate. We lower our 2026 EPS estimate by $1.96 to $41.25 and raise 2027's by $1.00 to $50.19. CHTR reported a decline in residential revenue, primarily due to reductions in video revenue and increased allocation of costs to streaming apps. Even when excluding these allocations, the residential segment showed weak performance, with revenue per customer relationship nearly flat, indicating ongoing pressure in core business areas. It faced a loss of Internet customers, with a net decrease of 120,000 in Q1, reflecting intensified competition from fixed wireless providers, higher mobile substitution, and expanding fiber overlap. This trend signaled erosion in the subscriber base for Internet services. Video customer losses persisted, although the pace of decline improved compared to previous periods. Nevertheless, the overall trend remained negative, with video subscriptions continuing to decrease.

$CHTR
US Markets

Nasdaq, S&P 500 Reach New Peaks Amid Tech Rally, Log Weekly Gains

The Nasdaq Composite and the S&P 500 hit all-time peaks as technology stocks rallied on Friday, while traders turned hopeful for a new round of US-Iran peace talks.The Nasdaq rose 1.6% to 24,836.6, while the S&P 500 climbed 0.8% to 7,165.1, both notching new closing highs. The Dow Jones Industrial Average fell 0.2% to 49,230.7. Technology paced the gainers with a 2.5% jump, while health care saw the biggest drop.This week, the Nasdaq advanced by 1.5%, while the S&P 500 added 0.5% -- marking their fourth consecutive weekly advance. The Dow posted a weekly loss of 0.4%."Equity markets were mixed this week with volatility settling down, and equity investors seemingly putting the conflict in Iran behind them despite ongoing uncertainties," Robert Kavcic, senior economist at BMO Capital Markets, said in a report."Despite the trade war and Iran conflict, the market keeps finding a footing thanks to the large-scale (artificial intelligence) buildout, strong productivity growth and robust earnings," Kavcic said.Intel shares soared nearly 24%, the best performer on the S&P 500. Late Thursday, the chipmaker delivered a first-quarter beat amid artificial intelligence-driven demand for its products. The company issued an upbeat outlook for the ongoing quarter.Intel's post-earnings commentary suggests revenue upside potential for 2026, UBS Securities said in a note.Several other major tech stocks also advanced. Nvidia (NVDA) shares jumped 4.3%, the top gainer on the Dow, followed by Amazon.com's (AMZN) 3.5% increase. Advanced Micro Devices (AMD) and Qualcomm (QCOM) were up by double-digit percentage each, both among the best S&P 500 performers.Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The company's shares plunged nearly 26%, the steepest decline on the S&P 500.West Texas Intermediate crude was last down 0.5% at $95.33 per barrel, while Brent rose 1.3% to $106.44.US special envoy Steve Witkoff and Jared Kushner will travel for Pakistan Saturday for a fresh round of talks with Iran, White House Press Secretary Karoline Leavitt said on Friday.Iran's Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan.US Treasury yields were lower, with the 10-year rate down two basis points at 4.31% and the two-year rate falling 6.3 basis points to 3.78%.In economic news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed."The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices," Surveys of Consumers Director Joanne Hsu said. "In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."About three in every five US consumers plan to cut discretionary spending as a result of high gasoline prices, with a majority considering a pullback in outlays on travel and entertainment, according to an Oppenheimer survey.Gold was last down 0.1% at $4,721.70 per troy ounce, while silver gained 0.5% to $75.85 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CHTR$INTC$NVDA$QCOM
Japan

S&P 500, Nasdaq Rise to Records as Intel Surges, US Steps Up Iran Talks

The S&P 500 and Nasdaq rose to records on Friday after Intel (INTC) reported strong Q1 results and the US sent envoys to Pakistan for Iran peace talks.* US envoys Steve Witkoff and Jared Kushner will travel to Pakistan on Saturday to participate in talks involving Iran, CNN reported, citing the White House.* The University of Michigan consumer sentiment index was revised upward to 49.8 for April from the preliminary estimate of 47.6, compared with expectations for 48.5 in a Bloomberg survey.* May West Texas Intermediate crude oil fell $0.81 to settle at $95.04 per barrel, while June Brent crude, the global benchmark, was last seen up $0.86 at $105.93.* Intel shares jumped 24%, the top gainer on the S&P and Nasdaq, after the company reported higher Q1 adjusted earnings and revenue while issuing a Q2 outlook above market expectations.* Charter Communications (CHTR) shares fell 26%, the biggest decline on the S&P and Nasdaq, after the company reported Q1 earnings below market estimates as revenue declined.

Dow JonesNasdaq Composite$CHTR$INTC$SPX
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.9%.In sector news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday. The main sentiment index fell 6.6% to 49.8 from last month. The consensus in a Bloomberg poll expected the April reading to be revised to 48.5 from the preliminary estimate of 47.6.In corporate news, Boyd Gaming (BYD) shares dropped 6% after it posted Q1 results that fell short of analysts' estimates.Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Its shares rose 2.4%.Charter Communications (CHTR) reported Q1 earnings below market estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The shares slumped 26%.Stellantis (STLA) plans to direct the bulk of its future investment toward Jeep, Ram, Peugeot, and Fiat under Chief Executive Antonio Filosa's turnaround strategy, Reuters reported. The carmaker is set to unveil the long-term plan in May, focusing on strengthening its most profitable global brands while streamlining its sprawling 14-brand portfolio, the industry's largest, the report said. Stellantis shares were down 2.8%.

$BYD$CHTR$PG$STLA
Wire

Update: Charter Communications Shares Drop After Q1 Earnings Miss

(Updates with the latest stock price movement in the headline and the first paragraph.)Charter Communications (CHTR) shares dropped more than 25% in Friday afternoon trading after the company's Q1 earnings fell short of analysts' expectations, while revenue decreased year over year.The company earlier reported Q1 earnings of $9.17 per diluted share, up from $8.42 a year earlier.Analysts surveyed by FactSet expect $9.96.Revenue for the quarter ended March 31 was $13.60 billion, down from $13.74 billion a year earlier.Analysts surveyed by FactSet expect $13.55 billion.Price: $180.87, Change: $-60.92, Percent Change: -25.19%

$CHTR
US Markets

Equities Mostly Rise Intraday as Intel Rallies; Oil Falls Amid US-Iran Peace Talk Hopes

US benchmark equity indexes were mostly higher intraday amid Intel's (INTC) post-earnings rally, while oil prices moved lower on renewed hopes for a fresh round of peace talks between Washington and Iran.The Nasdaq Composite was up 1.4% at 24,785.3 after midday Friday, while the S&P 500 rose 0.7% to 7,154.6. The Dow Jones Industrial Average fell 0.3% to 49,157.6. Among sectors, technology paced the gainers with a 2.1% jump, while health care saw the biggest drop.Intel shares soared 21% intraday, the best performer on the S&P 500. Late Thursday, the chipmaker delivered a first-quarter beat amid artificial intelligence-driven demand for its products. The company issued an upbeat outlook for the ongoing quarter.Intel's post-earnings commentary suggests revenue upside potential for 2026 despite a likely conservative outlook for the second half of the year, UBS Securities said in a note.Several other major tech stocks were also advancing intraday Friday. Nvidia (NVDA) shares jumped 4.9%, the top gainer on the Dow, followed by Amazon.com's (AMZN) 3.1% increase. Advanced Micro Devices (AMD) and Qualcomm (QCOM) were up by double-digit percentage each, both among the best S&P 500 performers.Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. The company's shares plunged 22%, the steepest decline on the S&P 500.West Texas Intermediate crude was down 2.1% at $93.82 per barrel, while Brent lost 0.4% to $104.67.US special envoy Steve Witkoff and Jared Kushner will leave for Pakistan Saturday for a fresh round of talks with Iran, CNN reported Friday, citing White House press secretary Karoline Leavitt.The Iranians reached out to the US, "as the president called on them to do," and requested the in-person conversation, Leavitt reportedly said.US Treasury yields were lower intraday, with the 10-year rate down 1.6 basis points at 4.31% and the two-year rate falling 5.7 basis points to 3.79%In economic news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed."The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices," Surveys of Consumers Director Joanne Hsu said. "In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers."Gold was up 0.4% at $4,743.50 per troy ounce, while silver gained 1.2% to $76.44 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CHTR$INTC$NVDA$QCOM
Sectors

Sector Update: Consumer Stocks Mixed Friday Afternoon

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.8%.In sector news, US consumer sentiment improved from an initial April estimate, but remained at a record low as near-term inflation expectations logged the biggest monthly increase in a year, final University of Michigan survey results showed Friday. The main sentiment index fell 6.6% to 49.8 from last month. The consensus in a Bloomberg poll expected the April reading to be revised to 48.5 from the preliminary estimate of 47.6.In corporate news, Procter & Gamble (PG) reported stronger-than-expected fiscal Q3 results on Friday, while the consumer goods giant reiterated its full-year outlook. Shares rose 3.2%.Charter Communications (CHTR) reported Q1 earnings below market estimates as revenue declined annually, driven by weakness in the residential video and Internet segments. Shares slumped 22%.Stellantis (STLA) plans to direct the bulk of its future investment toward Jeep, Ram, Peugeot, and Fiat under Chief Executive Antonio Filosa's turnaround strategy, Reuters reported. The carmaker is set to unveil the long-term plan in May, focusing on strengthening its most profitable global brands while streamlining its sprawling 14-brand portfolio, the industry's largest, the report said. Stellantis shares were down 3%.

$CHTR$PG$STLA
Wire

Top Midday Decliners

Charter Communications (CHTR) reported Q1 earnings on Friday below the FactSet consensus and revenue which declined from a year ago.Shares sank 22% following an increase in intraday trading volume to over 8.1 million from a daily average of about 1.95 million.HCA Healthcare's (HCA) Q1 results exceeded market expectations, but the hospital operator said it did not see its usual seasonal lift in admissions amid declines in respiratory activity.Shares dropped 9%, with intraday trading volume at over 2.28 million, versus a daily average of roughly 1.1 million.Price: $186.25, Change: $-55.53, Percent Change: -22.97%

$CHTR$HCA
Wire

Top Midday Stories: Intel Shares Soar After Q1 Beat; Meta to use AWS Graviton Cores

The S&P 500 and Nasdaq Composite were up, while the Dow Jones Industrial Average was down in late-morning trading Friday, as investors are hopeful that peace talks will soon take place between the US and Iran.In company news, Intel (INTC) reported fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.02. Fiscal Q1 revenue was $13.58 billion, up from $12.67 billion a year ago and above the FactSet consensus of $12.42 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.20 and revenue of $13.8 billion to $14.8 billion, above the FactSet consensus of $0.10 and $13.1 billion, respectively. Intel shares were up 23.7% around midday.Meta Platforms (META) said Friday it entered into an agreement to incorporate tens of millions of Amazon (AMZN) Web Services Graviton cores into its computing network. The company said it requires increased central processing capabilities to support the development of agentic AI systems capable of reasoning and executing complex tasks. Meta shares were up 1.4%, while Amazon shares were up 2.5%.Procter & Gamble (PG) reported fiscal Q3 core earnings per diluted share Friday of $1.59, up from $1.54 a year earlier and above the FactSet consensus of $1.56. Fiscal Q3 net sales were $21.24 billion, up from $19.78 billion a year ago and above the FactSet consensus of $20.53 billion. Procter & Gamble shares were up 3.8%.HCA Healthcare (HCA) reported Q1 adjusted earnings Friday of $7.15 per diluted share, up from $6.45 a year ago and above the FactSet consensus of $7.12. First-quarter revenue was $19.11 billion, up from $18.32 billion a year ago and above the FactSet consensus of $19.09 billion. HCA shares were down 8.0%.Charter Communications (CHTR) reported Q1 earnings Friday of $9.17 per diluted share, up from $8.42 a year earlier but below the FactSet consensus of $9.96. First-quarter revenue was $13.60 billion, down from $13.74 billion a year ago and above the FactSet consensus of $13.55 billion. Charter shares were down 22%.Price: $82.55, Change: $+15.77, Percent Change: +23.61%

$AMZN$CHTR$HCA$INTC$META$PG
US Markets

Charter Communications Misses Quarterly Earnings Estimates as Residential Weakness Weighs

Charter Communications (CHTR) reported first-quarter earnings below Wall Street's estimates as revenue declined annually, driven by weakness in the residential video and Internet segments.Earnings for the quarter rose to $9.17 per share from $8.42 a year earlier. Analysts polled by FactSet expected $9.96. Revenue declined 1% to $13.6 billion, compared with the Street's $13.55 billion view.Charter's shares plunged 20% in Friday trading. The stock is down 7.7% so far this year. Charter operates the Spectrum brand, which offers Internet, mobile, TV and voice products.Residential revenue decreased 2.7% to $10.49 billion as video sales fell 9.2%. Internet revenue slipped 1.3% to $5.85 billion.In the March quarter, total internet customers fell by 120,000, driven by a 117,000 decline in residential subscribers. Last year, the company reported a 59,000 drop in total customers.Mobile line net additions eased to 368,000 from 507,000.Media and connectivity giant Comcast's (CMCSA) first-quarter results topped the Street's estimates Thursday as it benefited from the Milan Cortina Winter Olympics and Super Bowl LX. AT&T (T) reported better-than-expected first-quarter results on Wednesday, while the telecommunications giant reiterated its full-year earnings outlook.Price: $203.20, Change: $-38.59, Percent Change: -15.96%

$CHTR$CMCSA$T
Research

Research Alert: Charter Communications Revenue Falls On Lower Video Revenue And Customer Losses

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Charter reported Q1 2026 revenue of $13.6B (-1.0% Y/Y) with Internet customer losses accelerating to 120k versus 59k in the prior year, reflecting continued core business deterioration. Adjusted EBITDA declined 2.2% to $5.6B while mobile growth decelerated with 368k net additions compared to 507k previously, though mobile revenue rose 15.1% to $1.1B. We believe intensified competitive pressure from fiber overbuilders and fixed wireless access providers continues challenging Charter's Internet business serving 29.6M customers. Management noted churn improvements Y/Y after ACP impacts and emphasized Internet churn remains at low levels. Capex increased 19.0% to $2.9B for network evolution investments, though management expects capex to decline below $8B annually after major initiatives conclude, potentially materially boosting free cash flow. We expect continued monitoring of Internet customer trends and Cox acquisition regulatory updates.

$CHTR
US Markets

Stocks Mostly Up Pre-Bell as Israel, Lebanon Agree to Extend Ceasefire

The benchmark US stock measures were mostly pointing higher before the open Friday as President Donald Trump announced an extension of the ceasefire between Israel and Lebanon.The S&P 500 edged up 0.1% and the Nasdaq increased 0.9%, while the Dow Jones Industrial Average declined 0.3%. The indexes finished the previous trading session lower.In a social media post on Thursday, Trump said the ceasefire between Israel and Lebanon will be extended by three weeks after representatives from the two countries met at the White House. Trump announced a 10-day ceasefire between Israel and Lebanon last week."The meeting went very well!" Trump wrote. "The United States is going to work with Lebanon in order to help it protect itself from Hezbollah."The conflict between Israel and Hezbollah in Lebanon has been a key sticking point in US-Iran peace efforts, which are showing no apparent signs of progress."Hopes for a resolution between the US and Iran are fading as peace talks stall," ING Bank said in a Thursday report. "If no progress is made, the market will become increasingly numb to the noise and headlines that have dictated price action recently."Trump on Thursday ordered the US navy to "shoot and kill any boat" placing mines in the Strait of Hormuz. Separately, the US leader claimed that the US has "total control" over the key oil supply chokepoint.Trump extended a ceasefire with Iran earlier in the week, though he said the naval blockade of Iranian ports would continue. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly seized two tankers attempting to cross the Strait of Hormuz.West Texas Intermediate crude oil rose 1.3% to $97.08 a barrel before the opening bell, while Brent gained 1.6% to $106.76.Treasury yields were trending upwards in premarket action, with the two-year rate increasing 1.5 basis points to 3.84% and the 10-year rate adding 0.8 basis points to 4.33%.Shares of Intel (INTC) jumped 27% pre-bell after the chipmaker reported first-quarter results above Wall Street's estimates. Advanced Micro Devices (AMD) climbed 11% while Lucid (LCID) rebounded 0.4% following a 9.3% drop at the close of Thursday.Procter & Gamble (PG), HCA Healthcare (HCA), SLB (SLB) and Charter Communications (CHTR) report their latest financial results before the bell, among others.Friday's economic calendar has the final University of Michigan consumer sentiment report for April at 10 am ET, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold declined 0.6% to $4,695 per troy ounce, while bitcoin was slightly up at $77,789.

Dow JonesNasdaq CompositeS&P 500$AMD$CHTR$HCA$INTC$LCID$PG$SLB

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