Cable operator Charter edges past quarterly revenue estimates
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FILE PHOTO: A Charter Communications company service van is pictured in Pasadena, California U.S., January 26, 2017. REUTERS/Mario Anzuoni
(Reuters) - Cable operator Charter Communications Inc edged past analysts' estimates for first-quarter revenue on Tuesday, as the company attracted more customers for its internet services, offsetting a drop in video subscribers.
The company added 398,000 internet customers in the reported quarter, above a consensus estimate of 344,000, according to research firm FactSet.
Total revenue rose to $11.21 billion from $10.66 billion, slightly beating estimates of $11.2 billion, according to IBES data from Refinitiv.
(Reporting by Akanksha Rana in Bengaluru; Editing by Shounak Dasgupta)
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