Charter Shares Hit All-Time High as Internet Growth Accelerates
- Company tops expectations with 351,000 internet subscribers
- Analyst calls Charter’s broadband growth ‘remarkably strong’
Photographer: Ron Antonelli/Bloomberg
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Charter Communications Inc. rose to an all-time high after the cable giant added more internet customers than expected.
Charter, the second-largest U.S. cable operator, gained 351,000 internet subscribers in the third quarter. That topped Wall Street expectations and was 32% more internet additions than Charter gained in the same quarter a year ago.