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Time Warner Cable Shares Fall After It Reports Mixed Q4 Performance

By DAVID LIEBERMAN, Executive Editor | Thursday January 31, 2013 @ 5:01am PSTTags: Time Warner Cable Earnings

The stock is down about 3.3% in pre-market trading, possibly because the growth in residential broadband subscriptions was lower than some anticipated. Time Warner Cable reported net income for Q4 of $514M, -8.9% vs the same period last year, on revenues of $5.49B, +9.9%. Revenues were just a hair below the Street’s forecast for $5.50B. But adjusted earnings of $1.57 a share beat expectations for $1.55. Factoring out systems acquisitions last year, including, Insight Communications, Time Warner Cable’s revenues from residential video services fell 3.1% to $2.55B. The total number of residential video subscribers fell 129,000 to 12.03M. The company says that its video programming expenses per subscriber increased 5.1% vs the end of 2011 to $31.28 a month which was “primarily driven by contractual rate increases and the carriage of new networks, partially offset by a decline in transactional video-on-demand costs.” Revenues from residential Internet services were up 11.4% to $1.28B as the total number of subscribers grew 75,000 to 10.94M. “In the year ahead, we plan to focus on operational excellence as we invest to capture long-term opportunities and drive profitable growth,” CEO Glenn Britt says.

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Time Warner Cable Beats Q2 Earnings Forecasts With Help From Price Hikes

By DAVID LIEBERMAN, Executive Editor | Thursday August 2, 2012 @ 4:02am PDTTags: Time Warner Cable Earnings

The report for this quarter is more complicated than usual due to the acquisition in February of Insight Communications. Still, many investors should find the numbers reassuring — even if they prefer yesterday’s cable system results from Comcast. … Read More »

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UPDATE: Time Warner Cable’s Disappointing 3Q Chills Cable Stocks

By DAVID LIEBERMAN, Executive Editor | Thursday October 27, 2011 @ 4:34am PDTTags: Time Warner Cable, Time Warner Cable Earnings

UPDATE, 9:25 AM: Time Warner Cable’s shares are off 6.9% at midday — even as the overall market is rallying on an encouraging economic report and news of a deal to help resolve Greece’s debt … Read More »

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Time Warner Cable 2Q Profits +22.8%, Soaring Past Estimates

By DAVID LIEBERMAN, Executive Editor | Thursday July 28, 2011 @ 3:57am PDTTags: Time Warner Cable, Time Warner Cable Earnings, VOD Time Warner Cable

The economy is weak, but you wouldn’t know it from Time Warner Cable’s 2Q earnings. The No. 2 cable operator reports net income of $420M on revenues of $4.9B, up 4.4% vs the same period last year. Earnings, at … Read More »

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