Time Warner Cable saw bigger profits on increased revenue during the third quarter of 2010 even as it lost TV subscribers.
The second largest cable operator in the U.S. reported a 34 percent jump in profits for the three-month period. Earnings increased to $360 million, or $1 a share, up from $268 million, or 76 cents a share, during the same quarter a year earlier.
Revenue increased 5.2 percent to $4.73 billion. Analysts polled by Thomson Reuters had predicted earnings of 89 cents on $4.72 billion in revenue.
Just like cable giant Comcast, Time Warner Cable … Read more