Charter Shares Jump as Mobile Service Revenue Boosts Results

Charter Communications Inc. shares jumped in premarket trading after the cable and wireless company reported revenue that beat analysts’ estimates, boosted by a surge in residential mobile service.

Sales increased to $13.7 billion, the company said in a statement Friday, beating the $13.6 billion average of analysts’ projections. Growth was driven by a 37% increase in residential mobile service revenue and a 1.3% increase in residential internet revenue, the company said. Net income was $1.2 billion.