TWC Internet disappoints
April 25, 2013
Time Warner Cable, the second-largest US cable operator, reported Q1 revenue below analyst estimates as it added fewer-than-expected subscribers for its high-speed data services.
Time Warner added only 143,000 high-speed data subscribers in the first quarter, fewer than the 181,000 subscriber additions analysts had forecast. Also it lost 119,000 residential video subscribers in the first quarter, more than the 91,000 that analysts had expected.
Net income rose to $401 million in the first quarter, from $382 million a year earlier.Revenue rose about 6.6 per cent to $5.48 billion.