Time Warner Cable sees profits rise revenue in Q2, but misses projections

Time Warner Cable sees profits rise in the second quarter, but missed revenue projections mixed picture for the country the second largest cable operator
Published: August 1, 2013 @ 04:31 print this pageTweet by Brent langfollow @BrentALang

Time Warner Cable saw sales climb 2.7 percent to $5.5 billion, while 14.2% 2013 rose to $1.69 per share for the second quarter profits.

Despite these gains, the cable company missed revenue Wall Street projections even as his result surpassed estimates. Analysts had anticipated revenue of $5.58 billion for the quarter, and earnings per share of $1.66.

Reported on the results of the second quarter while locked in a fierce dispute with CBS Corp. over the charges they pay popular cable channels such as Showtime carry Time Warner. If an agreement is not concluded, can it carry a programming blackout.

Net income at the company hit $481 million, an increase of 6.4 percent from the same quarter of the previous year.

In historically a weak period for cable operators, Time Warner shed 191,000 residential video subscribers in the quarter. It saw improvements in the high-speed Internet business, but his role add 8,000 residential broadband subscribers.

It was also more money from its broadband operations to rings, after one cable modem rental fees. Sales in the Division rose by more than 12 percent to $1.42 billion.

 

 

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