Tags: charter communications | customers | cable

Charter Communications Adds Customers; Shares Jump

Tuesday, 08 May 2012 03:37 PM

Shares of Charter Communications Inc., the St. Louis-based cable provider, jumped the most in almost nine months after the company reported an increase in customers.

Customer relationships rose 99,000 in the first quarter, Charter said Tuesday in a statement. The company added 141,000 residential Internet customers and 20,000 video customers. That compares with a loss of 24,000 video subscribers a year earlier.

The shares climbed as much as 7.1 percent to $66.18, the biggest intraday gain since Aug. 11. The stock had climbed 8.6 percent this year before Tuesday.

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Tuesday, 08 May 2012 03:37 PM
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