By Allison Prang

Charter Communications Inc.'s profit rose amid higher revenue in the second quarter.

The company's profit attributable to shareholders was $1.02 billion, up from $766 million a year ago. Earnings were $5.29 a share, up from $3.63 a share a year earlier. Earnings were higher than the consensus estimate from FactSet.

Revenue rose 9.5% to $12.8 billion. Analysts were expecting $12.62 billion.

Charter's residential customers grew by 299,000 in the three months ended June 30, down from the 751,000 added in the second quarter of 2020, when Covid-19 lockdowns forced many employees to work from home. The residential-customer growth was up from 164,000 additions in the second quarter of 2019.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

July 30, 2021 07:30 ET (11:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Charter Communications (NASDAQ:CHTR)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Charter Communications Charts.
Charter Communications (NASDAQ:CHTR)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Charter Communications Charts.