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Charter communications shares traded sharply lower friday after the cable provider reported a loss of 61,000 broadband customers. The company faces increasing competition from leading. Shares of charter communications fell after the cable company reported a drop in quarterly earnings and said it lost internet customers in the last three months of 2023.
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The stock was down over. Charter shares closed down by more than 8% tuesday after its chief financial officer jessica fischer said the company could lose broadband subscribers in the fourth quarter. Shares of charter communications (nasdaq: Chtr), the cable and internet company behind spectrum internet, tumbled 15. 7% through 12:45 p. m.
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Et on friday after the company reported a big miss on. Charter's stock is surging 13% in morning action friday but still in negative territory, off about 4%, over the course of 2024.
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