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Time Warner Cable Inc. Message Board

  • bluecheese4u bluecheese4u Aug 2, 2012 8:52 AM Flag

    Time Warner Cable Reports 2012 Second-Quarter Results

    Time Warner Cable Reports 2012 Second-Quarter Results

    NEW YORK--(BUSINESS WIRE)--Aug. 2, 2012-- Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its second quarter ended June 30, 2012.

    Time Warner Cable Chief Executive Officer Glenn Britt said: “We delivered another good quarter, with more than 9% revenue growth. We benefited from continued strong performance in residential high-speed data and business services, rising political advertising and our recent acquisition of Insight Communications.”

    FINANCIAL RESULTS

    Revenues for the second quarter of 2012 increased 9.3% from the second quarter of 2011 to $5.4 billion. Residential services revenues increased 7.4% to $4.6 billion and business services revenues grew 28.5% to $464 million, while advertising revenues increased 17.8% to $265 million.

    http://ir.timewarnercable.com/phoenix.zhtml?c=207717&p=irol-newsArticle&ID=1721386&highlight=

 
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