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Charter Stock Sags As Pay-TV Losses Increase, Broadband Growth Moderates

Charter Stock Sags As Pay-TV Losses Increase, Broadband Growth Moderates

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Charter Communications posted third-quarter results above Wall Street’s expectations, but its stock nevertheless lost ground in early trading. The No. 2 U.S. cable operator and major internet provider reported income of $6.50 a share, well above analysts’ estimates and an improvement from $3.90 in the year-ago quarter. Revenue ticked up 9% to $13.15 billion. Shares…

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