Charter Stock Tumbles 41% on Q1 Earnings Miss; Cable Peers Also Drop

Charter Communications (NASDAQ:CHTR) shares have plunged 41% since reporting first-quarter earnings that missed Wall Street’s profit expectations. Revenue dipped 1% year-over-year to $13.6 billion, roughly in line with consensus, but adjusted operating income and EPS fell short, underscoring pressure from cord-cutting and promotional competition. The broader wireless, cable and satellite group averaged a 14.8% decline post-earnings. Comcast (NASDAQ:CMCSA) posted a 10.9% revenue jump to $31.46 billion, beating estimates, yet its stock still fell 14.7%. Cable One (NYSE:CABO) dropped 43.9% after missing revenue and profit forecasts. Verizon Communications (NYSE:VZ) managed a 2.8% gain, the lone bright spot. The sector faces headwinds from accelerating cord-cutting, heavy network-upgrade capital spending, and aggressive pricing battles, which squeezed margins in the quarter.