NEW YORK (TheStreet) -- Cablevision (CVC) stock is increasing by 0.04% to $26.54 in pre-market trading on Friday, after the company reported its financial results for the second quarter of 2015.

The company posted earnings of 27 cents per share on revenue of $1.65 billion for the three months ended June 30.

Cablevision was expected to report earnings of 25 cents per share on revenue of $1.65 billion, according to analysts surveyed by Thomson Reuters.

The company's earnings per share results had surpassed estimates and revenue was in line with analysts' expectations.

Cable revenue rose 1.8% to $1.48 billion as rate increases offset fewer customers and a decrease in advertising sales.

Cablevision added about 5,000 total customers in the latest quarter, but video customers fell by about 16,000, while high-speed data subscribers rose by 14,000.

Other revenue dropped 3.7% to $91.31 million due to lower advertising sales at Newsday, but higher advertising sales at News 12 Networks.

Separately, TheStreet Ratings team rates CABLEVISION SYS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CABLEVISION SYS CORP (CVC) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and feeble growth in the company's earnings per share."

You can view the full analysis from the report here: CVC Ratings Report

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