NEW YORK (TheStreet) -- Time Warner Cable (TWC) stock is decreasing by 0.1% to $189.40 in morning trading on Thursday after the company reported 2015 second quarter earnings results that fell below analysts' estimates.
The company posted earnings of $1.54 per diluted share on revenue of $5.93 billion for the quarter ended June 30.
Time Warner Cable was expected to report earnings of $1.81 per share on revenue of $5.94 billion, according to analysts surveyed by Thomson Reuters.
Revenue for business services increased 16.2%, while residential services revenue grew 2.1% during the 2015 second quarter.
Additionally, the company added 172,000 subscribes to its high-speed data plan, but its residential video subscribers fell 45,000 in the quarter.
Time Warner Cable reported earnings of $1.89 per share on revenue of $5.73 billion in the 2014 second quarter.
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 some important positives, 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 Ratings Report