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Time Warner Cable (TWC) Rose To A 6-Month High On Q4 Earnings News

Time Warner Cable (TWC) reported fourth quarter adjusted EPS of $1.39 Thursday morning, up from $0.99 in the previous year. The consensus estimate was for EPS of $1.20.

Time Warner Cable gapped open higher Thursday and climbed until mid-morning. The stock ended the session higher by 5.40 at $74.51 on above average volume. Shares have been rising for the past 2 weeks and set a 6-month high.

by RTT Staff Writer

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Ciena Corp., a provider of communications networking solutions, on Thursday reported a turnaround to profit in the fourth quarter on higher revenues and lower expenses. However results for the quarter missed analysts' estimates. Looking ahead, the company forecast revenue for the first quarter of fiscal 2017 in line with analysts' expectations. Wearable fitness device maker Fitbit Inc. said it has acquired the assets of struggling smartwatch startup Pebble, including key personnel and intellectual property related to software and firmware development. The acquisition excludes Pebble's hardware products. Financial terms of the deal were not disclosed. Starbucks is teaming up with Pokémon Go, a location based augmented reality game, to turn its stores into PokéStops and Gyms, reports said. Further, the coffee giant reportedly would open Italian bakeries that serve pizza, with the first store expected to open in late 2017.
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