Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.Most cable companies have been shedding video subscribers over the past few years, losing them to satellite and telecom rivals as well as Web-based entrants such as Netflix Inc .Time Warner Cable, which also reported a lower-than-expected quarterly profit on Thursday, said it lost 152,000 net residential video customers in the April-June quarter.Demand for its broadband services, however, remained strong. The company added 67 thousand residential high-speed data subscribers on a net basis during the quarter.
Netflix, Inc. is an Internet television network with more than 44 million members in over 40 countries. Shares of NFLX traded higher by 2.38% or $10.08/share to $434.36. In the past year, the shares have traded as low as $241.38 and as high as $475.87. On average, 2937800 shares of NFLX exchange hands on a given day and today's volume is recorded at 2188297.
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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