Charter stock falls after 2023 capex forecast comes in above Wall Street expectations

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Shares of Charter Communications Inc. undefined were off more than 5% in after-hours trading Tuesday after the company held an investor day, which contained...

Shares of Charter Communications Inc. were off more than 5% in after-hours trading Tuesday after the company held an investor day, which contained expectations for next year's capital expenditures. Charter expects $6.5 billion to $6.8 billion in full-year capital expenditures, excluding those from line extensions, according to the presentation. Charter also anticipates capital expenditures from line extensions to be about $4 billion. Together, that amounts to $10.5 billion to $10.8 billion.

were off more than 5% in after-hours trading Tuesday after the company held an investor day, which contained expectations for next year's capital expenditures. Charter expects $6.5 billion to $6.8 billion in full-year capital expenditures, excluding those from line extensions, according to the presentation. Charter also anticipates capital expenditures from line extensions to be about $4 billion. Together, that amounts to $10.5 billion to $10.8 billion.

 

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