— Cable provider Charter Communications (NASDAQ: CHTR) reported its fourth-quarter 2019 earnings of $3.28 per share versus $2.48 per share expected.
— Revenue rose by 5% to $11.76 billion versus $11.73 billion expected. This is driven by growth in Internet, mobile, video, and SMB (small to medium-sized business) revenue.
— Excluding mobile and advertising revenue, which benefited from political spending in the fourth quarter of 2018, revenue grew by 4.8% year-over-year.
— Video revenues rose 2.6% on rate adjustments and promotional roll-off, partly offset by a decline in video customers during the last year, a higher mix of streaming and lighter video packages within its video customer base and lower pay-per-view and video on demand revenue.
— Internet revenues grew 11.5% driven by growth in Internet customers during the last year, promotional roll-off, and rate adjustments.
— Voice revenues fell 12.5% due to a decline in wireline voice customers over the last twelve months and value-based pricing.
— Commercial revenues rose 1.8% on SMB revenue growth of 6.4%, partly offset by a decline in enterprise revenue of 4.5%.
— Advertising revenue dropped by 22.7% due to lower political revenue. Excluding political revenue, advertising sales revenue rose by 4.6% year-over-year.
— Other revenue decreased by 6.6% due to lower processing fees and home shopping revenue, partly offset by video customer premise equipment sold to customers.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company