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Thursday, July 31, 2014

REFILE-Time Warner Cable profit up on residential data services growth, (NYSE: TWC), (NYSE: TWX)

Time Warner Cable Inc, the second-largest U.S. cable TV operator, reported a 3.7 percent rise in quarterly profit as it signed up more residential subscribers to its high-speed data services.Net income attributable to common shareholders rose to $499 million, or $1.76 per share, in the second quarter ended June 30, from $481 million, or $1.64 per share, a year earlier.Revenue rose 3.2 percent to $5.73 billion. (Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb Chakrabarty)

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 $1.56/share to $151.42. In the past year, the shares have traded as low as $106.01 and as high as $154.12. On average, 1648850 shares of TWC exchange hands on a given day and today's volume is recorded at 1757469.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.76% or $0.64/share to $84.49. In the past year, the shares have traded as low as $57.59 and as high as $88.13. On average, 7493940 shares of TWX exchange hands on a given day and today's volume is recorded at 8252274.



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