Cablevision Systems Corp. (CVC) reported fourth quarter net income of $0.45 per share Thursday morning, up from $0.22 per share a year ago. The consensus estimate was for EPS of $0.09. Cable Television net revenues decreased 2.2 percent to $1.47 billion, mainly due to the impact of Superstorm Sandy and as growth of high-speed data and voice customers were more than offset by fewer video customers than last year.
Cablevision Systems gapped open lower Thursday and has been declining for the majority of early trade. Shares are now down 1.52 at $13.95 on above average volume. The stock has dropped to nearly a 3-month low.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.