Cablevision (CVC) delivered in-line numbers and kept guidance unchanged.
The Bethpage, N.Y., cable shop posted a net loss of $26.3 million, or 9 cents a share, for the first quarter. Those numbers compare with a loss of $58 million, or 20 cents a share, in the year-ago period.
Total sales for the first quarter were $1.58 billion, up from the $1.4 billion a year ago. Analysts expected a net loss of 8 cents a share on revenue of $1.58 billion, according to Reuters Research.
"Our success in cable continues to be driven by the strength of our video, voice and data services, which maintained their industry-leading penetration rates," CEO Jim Dolan said in a press release.
The news comes a day after a group including the founding Dolan family agreed to
take the company private with a $10.6 billion shareholder buyout. The go-private move pushed the stock up 9% Wednesday.
Looking ahead, Cablevision expects 2007 sales to grow in the "mid-teens" above last year's levels. Analysts expect about 12% top-line growth this year, according to a survey by Reuters Knowledge.
Cablevision shares fell 20 cents to $35.70 in premarket trading Thursday.