NEW YORK (TheStreet) -- Time Warner Cable (TWC) 2015 earnings estimates were cut to $6.75 from $7.50 per share at Pacific Crest, with 2016 earnings estimates lowered to $7.76 from $8.41.

The firm maintained its "sector weight" rating on the stock.

Time Warner Cable reported its 2015 second quarter financial results on Thursday with earnings of $1.62 per share on revenue of $5.9 billion. This compares to earnings of $1.76 per share on revenue of $5.7 billion for the same period one year ago.

The firm noted that video, broadband and voice subscribers were above expectations in the second quarter, but EPS of $1.62 is below their estimates of $1.96 earnings per share.

"Time Warner Cable grew sales and marketing to all-time highs, implemented aggressive promotions, and spent a near-record amount on CPE," Pacific Crest analysts said.

Time Warner Cable, based in New York City, is a provider of video, high-speed data and voice services in the U.S. with clustered cable systems located in five geographic areas.

Shares of Time Warner Cable are down 0.22% to $190.42.

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.

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