Time Warner Cable’s EPS Rise 50 Percent over 2012
Paced by consistent growth in advertising revenue and subscriber fees, Time Warner Cable’s earnings per share rose 50 percent compared with 2012’s earnings. The Atlanta-based communications giant saw net income rise to $1.18 billion for the third quarter, for $1.26 per share earnings. At this time last year, net income came in at $822 million, for 84 cents in per share earnings. Revenue for the quarter rose to $6.86 billion, even though analysts had expected $6.94 billion. While the earnings per share news has to excite investors, that’s tempered by the company’s revenue underperforming Wall Street’s expectations.