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4-Traders Homepage  >  Equities  >  Nasdaq  >  Charter Communications Inc    CHTR

CHARTER COMMUNICATIONS INC (CHTR)
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Delayed Quote. Delayed  - 02/21 10:00:00 pm
360.97 USD   +0.61%
02/08T-Mobile profit surges on $2.2 billion tax gain
RE
02/08T-Mobile profit surges on $2.2 billion tax gain
RE
02/08T-Mobile profit surges on $2.2 billion tax gain
RE
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T-Mobile profit surges on $2.2 billion tax gain

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02/08/2018 | 05:36pm CET
T-Mobile logo is advertised on building sign in Los Angeles

(Reuters) - T-Mobile US Inc's (>> T-Mobile US) quarterly profit jumped nearly sevenfold as the No. 3 U.S. wireless carrier recorded a $2.2 billion gain from recent changes in U.S. tax laws, but Wall Street analysts raised questions about the company's growth.

(Reuters) - T-Mobile US Inc's (>> T-Mobile US) quarterly profit jumped nearly sevenfold as the No. 3 U.S. wireless carrier recorded a $2.2 billion gain from recent changes in U.S. tax laws, but Wall Street analysts raised questions about the company's growth.

T-Mobile has been using lower prices and added perks to take market share from larger rivals Verizon Communications Inc (>> Verizon Communications) and AT&T Inc (>> AT&T) in a saturated market for wireless services. The company ended merger talks with rival Sprint Corp (>> Sprint Corp) late last year.

In 2018, T-Mobile said it expects to add between 2 million and 3 million subscribers who pay a monthly bill. Analysts called the numbers conservative.

"Management always guides conservatively," said Jonathan Chaplin, an analyst at New Street Research, in a research note. He noted that in 2017, T-Mobile exceeded the high end of its initial expectations on subscriber additions.

But Craig Moffett, an analyst at MoffettNathanson, said in a note that cable companies' entry into the wireless market posed concerns about future growth. Comcast Corp (>> Comcast Corporation) already sells mobile service and Charter Communications Inc (>> Charter Communications Inc) plans to enter the market.

"It is not unreasonable to think that the two cable operators could capture a third of all market growth," he wrote. "It is not unreasonable to assume that even go-go T-Mobile will see slower subscriber growth."

Shares were down 2.5 percent to $60.50 in mid-morning trading.

The company said it added 891,000 phone subscribers in the fourth quarter, compared with 933,000 a year earlier.

T-Mobile's net income was $2.71 billion, or $3.11 per share, in the quarter ended Dec. 31, up from $390 million, or 45 cents a share, a year earlier.

Excluding items, the company earned 48 cents per share.

Revenue rose 5.1 percent to $10.76 billion. Analysts, on average, were expecting revenue of $10.83 billion, according to Thomson Reuters I/B/E/S.

Last month, the wireless carrier said it had closed on its acquisition of Layer3 TV, a startup that has marketed itself as a next-generation cable service, for an undisclosed amount. It has plans to launch a new streaming service this year.

(Reporting by Anjali Athavaley in New York and Supantha Mukherjee in Bengaluru; Editing by Shounak Dasgupta and Marguerita Choy)

Valeurs citées dans l'article
ChangeLast1st jan.
AT&T -1.25% 36.31 Delayed Quote.-5.43%
COMCAST CORPORATION -1.17% 39.01 Delayed Quote.-1.45%
SPRINT CORP -1.83% 5.35 Delayed Quote.-7.47%
T-MOBILE US -1.80% 59.42 Delayed Quote.-4.72%
VERIZON COMMUNICATIONS -1.96% 47.96 Delayed Quote.-7.58%
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Financials ($)
Sales 2018 43 584 M
EBIT 2018 5 334 M
Net income 2018 1 192 M
Debt 2018 71 261 M
Yield 2018 -
P/E ratio 2018 78,09
P/E ratio 2019 43,77
EV / Sales 2018 3,61x
EV / Sales 2019 3,50x
Capitalization 86 094 M
Chart CHARTER COMMUNICATIONS INC
Duration : Period :
Charter Communications Inc Technical Analysis Chart | CHTR | US16119P1084 | 4-Traders
Technical analysis trends CHARTER COMMUNICATIONS INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 426 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Thomas M. Rutledge Chairman & Chief Executive Officer
John Bickham President & Chief Operating Officer
Christopher L. Winfrey Chief Financial Officer & Executive VP
James A. Blackley EVP-Engineering & Information Technology
W. Lance Conn Independent Director
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