Time Warner Cable Inc. (TWC) posted higher first-quarter net income attributable to TWC shareholders of $401 million, or $1.34 a share, compared with last year's $382 million, or $1.20 a share.
On an adjusted basis, net income attributable to shareholders was $423 million, or $1.41 a share, benefiting from lower average common shares outstanding as a result of share repurchases under share repurchase program. On average, 26 analysts polled by Thomson Reuters expected earnings per share of $1.38 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue for the first quarter of 2013 increased 6.6% to $5.48 billion, from $5.13 billion a year before. Analysts estimated revenues of $5.49 billion for the quarter. The quarterly revenue benefited from two additional months of revenue from Insight Communications Co. which was acquired on February 29, 2012.
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.