Time Warner Cable Inc lost fewer subscribers than expected and posted healthier results for its residential business, a sign that the turnaround plan it unveiled early this year may be starting to work.Reporting results for the first quarter, the company said on Thursday it lost 34,000 video subscribers on a net basis, fewer than the 77,300 Wall Street analysts were expecting.It also added 269,000 Internet subscribers - the most since the first quarter of 2008. Analysts had expected the company to add 179,300 subscribers, according to StreetAccount.The company, which agreed to be acquired by Comcast Corp for $45.2 billion, is coming off several quarters where it shed hundreds of thousands of video subscribers.
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 0.28% or $0.3901/share to $140.26. 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 925885.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.02% or $-0.01/share to $65.99. 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 1831061.
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