the republic logo

Time Warner Cable adds subscribers, but 4Q adjusted profit misses Wall Street's view


NEW YORK — Time Warner Cable Inc.'s fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates.

The New York company earned $554 million, or $1.95 per share, for the period ended Dec. 31. A year earlier it earned $540 million, or $1.89 per share.

Earnings, adjusted for costs related to mergers and acquisitions, came to $2.03 per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The cable company's revenue rose to $5.79 billion from $5.58 billion. Analysts expected $5.8 billion, according to Zacks.

Time Warner Cable said its quarterly subscriber performance was the best in at least seven years for several categories. This includes 168,000 residential high-speed data additions and 67,000 total customer relationship additions. Its residential voice additions of 295,000 and residential triple play additions of 273,000 were the best fourth-quarter performances ever.

For the year, Time Warner Cable earned $2.03 billion, or $7.17 per share. That compares with $1.95 billion, or $6.70 per share, in the previous year.

Its adjusted profit was $7.56 per share.

Annual revenue increased to $22.81 billion from $22.12 billion.


Elements of this story were generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TWC at


Keywords: Time Warner Cable, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.