Telecommunications and media company Cablevision Systems Corp. (CVC) reported first-quarter net loss attributable to stockholders of $16.14 million, or $0.06 per share, as against a profit of $57.25 million, or $0.21 per share last year. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.05 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly consolidated net revenues decreased 0.8% to $1.52 billion, from $1.535 billion reported a year back. Analysts estimated revenues of $1.64 billion for the quarter.
Cable Television first-quarter 2013 net revenues decreased 0.7% to $1.36 billion, chiefly due to lower video revenues and a drop in advertising revenues largely offset by the impact of a high-speed data price increase and continued growth of data and voice customers, compared with last year.
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