Charter Communications Stock Drops 2% on Q1 Earnings Miss, $567M Buybacks, AT&T 5G Home Services

Charter Communications ($CHTR) stock dropped by 2% as AT&T ($T) 5G Home services gained traction. Charter Communications reported Q1 2024 earnings with an adjusted EPS of $7.55 (below estimates of $7.78) and revenue of $13.68B (below estimates of $13.74B). The company still expects FY CAPEX between $12.2B to $12.4B. Charter Communications also announced $567M in buybacks for 1Q24. The stock price of $CHTR fell by 2.7% due to a broadband miss.