Actionable news
All posts from Actionable news
Actionable news in TWC: TIME WARNER CABLE Inc,

Time Warner Cable Profit Tops Estimates on Internet Additions

Time Warner Cable Inc., awaiting approval to be acquired by Charter Communications Inc., posted third-quarter earnings that beat analysts’ estimates as it gained more residential high-speed Internet customers.

Profit excluding some items was $1.62 a share, the New York-based cable company said Thursday in a statement. Analysts predicted $1.55 a share, the average of estimates compiled by Bloomberg. Sales gained 3.6 percent to $5.92 billion, compared with projections for $5.96 billion.

Regulators are weighing whether to approve Charter’s $55.1 billion bid to buy Time...