Charter Communications Inc.
(NASDAQ:CHTR) stock plunged to a new 52-week low in Friday premarket trading after investors focused on continued broadband subscriber losses, weaker revenue and lower profitability, despite the company reporting second-quarter 2026 earnings that topped Wall Street estimates.
Despite the sharp initial selloff, Charter shares recovered after the market opened, trimming most of their losses.
The stock was down 1.11% at last check.
Earnings Beat Expectations The cable and broadband provider reported revenue of $13.53 billion, down 1.7% from a year earlier but slightly above the analyst consensus estimate of $13.51 billion.
