Communications services stocks grabbed the spotlight this week as Wall Street digested earnings reports from major names, including Charter Communications (CHTR) and Fox (FOX).
The communications services sector (XLC) lost over 11% so far this year, compared to the 7% rise in Entering text into the input field will update the search result below Quick Insights Fox reported revenue of $4.57 billion and adjusted EPS of $2.54, both above estimates
Its shares rose over 6%. Charter lost 233,000 internet customers, more than the 171,000 lost a year earlier. It outlined a new operating model intended to restore customer growth and cut costs.
The sector was down over 11% so far this year, while the S&P 500 was up 7%