Time Warner Cable Inc (TWC) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.76. The company posted revenue of $6191.00 million in the period, compared to analysts expectations of $6144.90 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Time Warner Cable Inc closed down -1.65 points or -0.78% at $209.19 with 27,25,827 shares getting traded on Wednesday. Post opening the session at $210.88, the shares hit an intraday low of $208.91 and an intraday high of $211.62 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 2, 2016, Pace Wayne (director) sold 3,792 shares at $184.45 per share price. According to the SEC, on Dec 8, 2015, Robert D Marcus (Chairman & CEO) sold 5,171 shares at $184.24 per share price. On Sep 10, 2015, Matthew Siegel (SVP & Treasurer and Co-CFO) sold 5,344 shares at $189.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Time Warner Cable Inc. (TWC) is a provider of video high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State the Carolinas the Midwest Southern California and Texas. TWC operates in three segments: Residential Services Business Services and Other Operations. TWC offers video high-speed data and voice services as well as security and home management services to residential customers. Its video service provides over 300 channels including on average over 200 high-definition (HD) channels and 20000 video-on-demand (VOD) choices. It offers a variety of products and services to business customers including high-speed data networking voice video hosting and cloud computing services. Its Other Operations segment consists of Time Warner Cable Media (TWC Media) the advertising sales arm of TWC and its regional sports networks its local sports news and lifestyle channels and SportsNet LA.