Charter Communications (CHTR) shares soared Friday after the cable, phone, and internet pr🌼ovider posted better-than-expected results on higher demand for its mobile service.

Charter reported second-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $8.49, with revenue up less than 1% to $13.69 billion. Both beat cons🌟ensus estimates of analysts polled b𒁃y Visible Alpha.

Mobile Service Revenue Jumps 36.9% From Last Yeaꩲr

Revenue from its mobile service jumped 36.9% to $737 million. Internet service, the company’s biggest ✤segment, posted a 1.3% revenue gain to $5.81 billion. However, revenue from its video service d𒀰eclined 7.7% to $3.87 billion, and it dropped 4.2% to $350 million for its voice service.

Charter noted that it now expects to reduce full-year 澳洲幸运5官方开奖结果体彩网:capital expenditures to about $12 billion, dow𝔍n from its previous outlook of $12.2 billion to $12.4 billion. It said the change reflected “lower internet and video customer net additions꧋.”

Shares of Charter Communications jumped about 17% to $368.44 as of 10:10 a.m. ET Friday but remain about 5% lower in 2024.