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Time Warner Cable Inc. Message Board

  • bluecheese4u bluecheese4u Nov 5, 2012 9:04 AM Flag

    TIME WARNER CABLE REPORTS 2012 THIRD-QUARTER RESULTS

    TIME WARNER CABLE REPORTS 2012 THIRD-QUARTER RESULTS

    NEW YORK, NY, November 5, 2012 – Time Warner Cable Inc. (NYSE: TWC) today reported financial results for its third quarter ended September 30, 2012.

    Time Warner Cable Chief Executive Officer Glenn Britt said: “Our third-quarter results were good, with most trends similar to the preceding quarter. Our operating results were driven by continued strong performance in residential high-speed data and business services, an acceleration in high-margin political advertising and the contributions from our Insight systems. During the quarter, we remained focused on investing in growing our business, while at the same time ramping capital returns to our shareholders.”

    Britt continued, “Our sympathies go out to those suffering in the wake of Hurricane Sandy, and we are thankful for the efforts of our employees who worked in many ways to help keep our customers informed and connected during the storm, as well as those who have been dealing with the many after-effects.”

    FINANCIAL RESULTS

    Revenues for the third quarter of 2012 increased 9.2% from the third quarter of 2011 to $5.4 billion. Residential services revenues increased 7.0% to $4.5 billion and business services revenues grew 27.4% to $493 million, while advertising revenues increased 22.2% to $264 million.

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TWC
146.35+2.31(+1.60%)Dec 18 4:00 PMEST

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