On July 24, Charter declined 6.32% in pre-market trading at $119.99 per share, with turnover of approximately $1.25 million, despite reporting second-quarter results that topped analyst expectations.

Charter posted Q2 earnings of $10.66 per share, beating the consensus estimate of $10.14 by 5.13%, representing a 16.12% year-over-year increase from $9.18. Revenue came in at $13.526 billion, marginally above the $13.511 billion estimate, though still reflecting a year-over-year decline. The earnings beat notwithstanding, the stock extended its downward trajectory amid persistent headwinds including annual broadband subscriber losses of approximately 400,000-500,000 and intensifying competition from Starlink satellite broadband. Multiple investment banks have sharply reduced price targets in recent weeks, with Goldman Sachs at $125, Barclays at $130, and Wells Fargo at $160, reflecting deep skepticism about the company's long-term growth profile in the cable broadband space.

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