Time Warner Cable Misses On Q4 Earnings, Revenue
Leading U.S cable TV operator, Time Warner Cable Inc. (TWC), primarily offers three services – video, high-speed data and voice over its broadband cable systems.
Time Warner Cable currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of 1.90% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Time Warner Cable misses fourth quarter earnings. Our consensus called for EPS of $2.09, and the company reported EPS of $2.03.
Revenue: Time Warner Cable generated total revenue of $5,790 million, below the Zacks Consensus Estimate of $5,805 million.
Key Stats to Note: During fourth-quarter of 2014, high-speed data subscribers rose by 168,000 to 11.675 million. Voice subscribers grew 295,000 to 5.284 million. However, video subscribers declined by 38,000 to 10.789 million.
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