Charter Communications IncCharter missed EPS estimates amid broadband competition.
Four of the six communication services companies reporting earnings this week beat earnings-per-share estimates, while one matched and one missed. Alphabet posted adjusted EPS of $9.11 on revenue of $119.8B, beating estimates by $6.20 and $2.82B respectively, though its stock slipped after raising 2026 capital spending guidance to $195B-$205B. Comcast beat on both earnings and revenue with adjusted EPS of $1.04 and revenue of $29.94B, while AT&T exceeded earnings expectations with adjusted EPS of $0.65 on revenue of $31.56B and announced plans to accelerate its $10B share buyback program. IBM matched estimates with adjusted EPS of $2.93 but missed on revenue at $17.16B, and Verizon beat earnings with adjusted EPS of $1.28 on revenue of $34.44B while raising full-year guidance. Charter Communications was the sole earnings miss, reporting adjusted EPS of $9.17 on revenue of $13.60B amid broadband competition.
Charter Communications IncCharter missed EPS estimates amid broadband competition.
Live Nation Entertainment Inc
Omnicom Group Inc
Comcast CorpComcast beat on both earnings and revenue.
AT&T Inc.AT&T beat earnings and announced accelerated share buyback.
Verizon Communications IncVerizon beat earnings estimates and raised full-year guidance.
Alphabet Inc Class CAlphabet beat estimates but raised capex guidance, causing stock to slip.
International Business MachinesIBM matched EPS but missed revenue.
Meta Platforms Inc.