Charter Communications Inc. CHTR reported disappointing financial results in second-quarter 2017, wherein both the top and the bottom line lagged the Zacks Consensus Estimate.GAAP net income in the reported quarter was $139 million compared with net income of $3,067 million in the year-ago quarter. Quarterly earnings per share of 52 cents per share were well below the Zacks Consensus Estimate of 81 cents.Second-quarter 2017 total revenue of $10,357 million increased 3.9% year over year but missed the Zacks Consensus Estimate of $10,388 million.Residential segment revenues came in at $8,287 million compared with $7,987 million in the year-ago quarter. Within the Residential segment, Video revenues totaled $4,124 million, flat year over year. Internet revenues came in at $3,513 million, up 12.1% from the prior-year quarter while Voice revenues were $650 million, down 10.9% year over year.Commercial revenues totaled $1,472 million, up 9.5% year over year. Within the Commercial segment, small and medium business revenues were $924 million, up 9.7% year over year. Enterprise revenues came in at $548 million, up 9.3% on a year-over-year basis.Advertising revenues were $381 million, down 5.8% year over year. Other revenues came in at $217 million, down 6.8%.Quarterly operating costs and expenses were $6,510 million compared with $6,427 million in the year-ago quarter. Second-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was $3,847 million compared with $3,542 million in the year-ago quarter. EBITDA margin came in at 37.1% compared with 35.5% in second-quarter 2016.In the second quarter of 2017, Charter Communications generated $2,945 million of cash from operations compared with $1,590 million a year ago. Free cash flow in the reported quarter was $2,598 million compared with $1,396 million in the year-ago quarter.At the end of the reported quarter, Charter Communications had $694 million of cash and cash equivalents and $63,248 million of outstanding debt compared with $1,535 million and $62,464 million, respectively, at the end of 2016. The debt-to-capitalization ratio at the end of the reported quarter was 0.57 compared with 0.54 at the end of 2016.Charter Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The company competes with AT&T Inc. T, Verizon Communications Inc. VZ and Comcast Corp. CMCSA in the intensely competitive pay-TV industry.Subscriber StatisticsResidential Segment: As of Jun 30, 2017, Charter Communications’ residential high-speed internet subscribers rose by 231,000 to 22.033 million. Voice subscribers grew 14,000 to 10.378 million. However, video subscribers decreased by 90,000 to 16.646 million.Monthly residential revenue per customer was $109.46 compared with $109.74 in the prior-year quarter. Single Play penetration was 40.2%, Double Play penetration was 25.6% and Triple Play penetration was 34.1%.Commercial Segment: As of Jun 30, 2017, Charter Communications had 425,000 video, 1,285,000 high-speed internet and 847,000 voice subscribers. During the reported quarter, the company added 14,000 video customers, 36,000 high-speed internet and 38,000 voice customers. Monthly small and medium business revenue per customer was $210.64 compared with $214.52 in the prior-year quarter. Enterprise customers were 0.103 million, up 14.4% year over year.Charter Communications, Inc. Price, Consensus and EPS Surprise Charter Communications, Inc. Price, Consensus and EPS Surprise | Charter Communications, Inc. QuoteMore Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research