Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Time Warner Cable Inc    TWC

No quotes available
-- USD   0.00%
02:10p TIME WARNER CAB : Massena man indicted on federal allegations of rec..
02:09p TIME WARNER CAB : Three networks will debut over the air in the Wate..
08/16 Cable and telecom firms score a huge win in their war to kill mun..
SummaryQuotesNewsAnalysisCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 

Time Warner Cable Inc : Time Warner Cable 4th-Quarter Net Down 9% on Higher Costs, Taxes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/31/2013 | 12:51pm CEST
   By Ben Fox Rubin 
 

Time Warner Cable Inc.'s (TWC) fourth-quarter profit fell 9% as the cable television provider saw higher costs and taxes mask improved revenue.

The company also raised its quarterly dividend to 65 cents a share from 56 cents.

Like its peers, Time Warner Cable's video business faces a soft economy and competition from the likes of Verizon Wireless's FiOS service. As a result, cable distributors are focusing more on expanding their broadband cable and business services units, where profit margins tend to be higher because they don't face the high programming costs associated with the video operations.

Time Warner Cable's core video subscriber business lost 129,000 subscribers from the third quarter, while the company acquired 75,000 broadband subscribers. It gained 34,000 voice subscribers.

Revenue from residential services, which comprises the biggest chunk of the company's revenue, increased 6.8% to $4.58 billion. Meanwhile, business services revenue jumped 26% to $515 million, while advertising revenue rose 29% to $313 million.

The company posted a profit of $513 million, or $1.68 a share, compared with $564 million, or $1.75 a share, a year earlier. Stripping out restructuring costs, some tax impacts and other items, the company saw per-share earnings of $1.57 versus $1.38 a year ago.

Revenue increased 9.9% to $5.49 billion.

Analysts polled by Thomson Reuters expected a per-share profit of $1.55 a share and revenue of $5.5 billion.

Total costs and expenses jumped 8.9%. Income tax provisions rose to $257 million, from $54 million a year ago.

Shares closed Wednesday at $100.70 and were inactive premarket. The stock is up 1.6% over the past three months.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TIME WARNER CABLE INC
02:10p TIME WARNER CABLE : Massena man indicted on federal allegations of receiving, di..
02:09p TIME WARNER CABLE : Three networks will debut over the air in the Watertown area..
08/23 CHARTER COMMUNICATIONS : United States of America v. Charter Communications, Inc..
08/22 TIME WARNER CABLE : SolveForce Continues Pro-Business City Verizon FiOS Internet..
08/16 Cable and telecom firms score a huge win in their war to kill municipal broad..
08/16 TIME WARNER CABLE : East Wake TV, PEG grow into nearly $400,000 operation
08/12 TIME WARNER CABLE : customers lose service
08/10 TIME WARNER CABLE : How Time Warner Cable, The Connectory, and VolunteerMatch Co..
08/09 CHARTER COMMUNICATIONS : Time Warner Cable deal gives Charter a boost in 2Q
08/06 TIME WARNER CABLE : Olympic TV channel guide for Lexington
More news
Sector news : Cable Service Providers
08/25DJVivendi Announces Cost Cuts at TV Unit
08/25 EXCLUSIVE - ACCIDENTAL MOGUL : China property billionaire's route to Hollywood
08/25DJITV Scraps Offer to Acquire Entertainment One
08/25 BERTELSMANN : RTL revenues slide as FremantleMedia disappoints
08/24DJCOMCAST : New Structure Set for DreamWorks Animation -- WSJ
More sector news : Cable Service Providers
News from SeekingAlpha
07/25 NETFLIX : Buy The Dip
07/19 NETFLIX : Beginning Of The End?
07/14 FCC refraining from new programming-dispute rules for now
07/13 FCC swing vote agrees set-top box regulation is 'flawed'
07/13 DISNEY : Another Step Into The Digital World
Advertisement
Income Statement Evolution
More Financials
Managers
NameTitle
Robert D. Marcus Chairman & Chief Executive Officer
Dinesh C. Jain Chief Operating Officer
Matthew Siegel Co-CFO, Treasurer & Senior Vice President
William F. Osbourn Co-CFO, Chief Accounting Officer, SVP & Controller
Hamid R. Heidary Chief Technology Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TIME WARNER CABLE INC0.00%0
LIBERTY GLOBAL LILAC-34.47%33 126
LIBERTY GLOBAL PLC-26.72%33 126
DISH NETWORK CORP-13.78%23 052
LIBERTY BROADBAND CORP29.93%12 268
CYFROWY POLSAT SA18.15%4 075
More Results