Time Warner Cable Rises After Profit Tops Estimates
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Time Warner Cable Inc., the second-largest U.S. cable provider, rose the most in a month after its second-quarter profit topped estimates and the company said earnings growth would be “on the high end” of its forecast.
Net income rose 6.4 percent to $481 million, or $1.64 a share, from $452 million, or $1.43, a year earlier, the New York-based company said today in a statement. Excluding one-time costs, earnings per share were $1.69, beating the $1.65 average analyst estimate compiled by Bloomberg.