Time Warner Cable profit rose 22% in the fourth quarter
YORK January 27 evening news, Time Warner Cable (TWC) said fourth quarter profit rose 22%, thanks to advertising and subscription revenue growth in business.
the company to report a net loss of 141,000 cable subscribers, but the growth of high-speed Internet service subscribers.
the fourth quarter from a year earlier net profit of 3.22 billion U.S. dollars, 91 cents per share, to $ 392,000,000, $ 1.09 per share, including a one-time gain of 10 cents per share.
revenue rose 6% to 48 billion, including 4.8% growth in subscription revenue, advertising revenue rose 26%.
accepted Analysts polled by FactSet expected the company's earnings per share $ 1.01 quarter on revenue of 4.76 billion.
In addition, Time Warner Cable will increase its quarterly dividend 20% to 48 cents per share. (My humble opinion)
