Time Warner Cable Inc, the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.The company said it added 269,000 residential high-speed data subscribers on a net basis - highest since the first quarter of 2008. Analysts had expected the company to add 179,300 subscribers, according to StreetAccount.The company, which is in the middle of a $45.2 billion acquisition by Comcast Corp, lost 34,000 residential video subscribers in the first quarter on a net basis, fewer than the 77,300 analysts had expected.Time Warner Cable's quarterly profit jumped 19.5 percent to $479 million, or $1.70 per share, in the first quarter ended March 31.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 1.04% or $1.44/share to $139.87. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3623580 shares of TWC exchange hands on a given day and today's volume is recorded at 2533971.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.66% or $1.08/share to $66.00. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5847280 shares of TWX exchange hands on a given day and today's volume is recorded at 6905527.
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