The cable service provider reported earnings of $1.62 per share for the quarter ended September 30, beating estimates of $1.57 per share.
Revenue increased 3.6% year-over-year to $5.92 billion, but fell short of estimates of $5.96 billion.
Residential high-speed data revenue increased 9.4% to $1.78 billion, offsetting a 1.8% decline in video data revenue, which fell to $2.45 billion.
"Subscriber growth was the strongest in years; revenue growth accelerated; and we continued to make significant investments in our network, equipment, products and customer service," CEO Rob Marcus said in a statement.
Time Warner Stock closed up 1.04% to $185.25 on Wednesday.
Separately, TheStreet Ratings team rates TIME WARNER CABLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
We rate TIME WARNER CABLE INC (TWC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: TWC