A Boom in Home Entertainment

This morning both Charter Communications (CHTR) and DirectTV (DTV) reported March-quarter results that were far better than Street expectations. Charter reported a loss of $0.42 per share vs. estimates for a $0.61 shortfall. DirecTV, meanwhile, smashed Wall Street expectations by delivering $1.43 per share in earnings -- well above the $1.09 that had been expected. 

Charter's results reflect stronger subscriber growth over the last several months, as well as a price increase that it instituted on its high-speed Internet service just this past December. Just like Comcast (CMCSA), Charter also continues to benefit from subscriber shift to expanded basic and digital subscriptions, as well as more Internet customers. More specifically, Charter added 251,000 Internet customers over the last year. As if that weren't proof enough that the Internet has become a utility -- and by that I mean a necessity -- the company's commercial revenue climbed nearly 20% year over year due to the rise in small and medium business customers. ...354 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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