Time Warner Cable Misses Q2 Estimates But Shows Subscriber Growth
Time Warner Cable reported earnings of $1.89 a share on Thursday, that was just a penny shy of the expectations despite seeing an increase in triple play subscribers.
Time Warner Cable reported earnings of $1.89 a share on Thursday, that was just a penny shy of the expectations. Despite the bottom line miss, it was still 20 cents a share higher than last year's second quarter. Revenues came in right on target with forecasts at $5.7 billion. Time Warner Cable had one of their best second quarters in years as a result of their strong subscriber numbers. The company was able to grow their revenue per user nearly 2% to a total of $106.98 as a result of additions to many of their different subscription offerings. Time Warner Cable is up roughly 12% for the year. Whalen MacHale reports from New York for TheStreet.
