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.
Sign up to the Human Events newsletter