Cablevision Systems Corp Reports 72% Advance In Q1 Bottom Line

(RTTNews) - Cablevision Systems Corp (CVC) reported earnings for its first quarter that gained ground from last year.

The company said its bottom line advanced to $94.31 million, or $0.34 per share. This was up from $54.90 million, or $0.20 per share, in last year's first quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $1.64 billion. This was up from $1.61 billion last year.

Cablevision Systems Corp earnings at a glance:

-Earnings (Q1): $94.31 Mln. vs. $54.90 Mln. last year. -Earnings Growth (Y-o-Y): 71.8% -EPS (Q1): $0.34 vs. $0.20 last year. -EPS Growth (Y-o-Y): 70.0% -Analysts Estimate: $0.19 -Revenue (Q1): $1.64 Bln vs. $1.61 Bln last year. -Revenue Change (Y-o-Y): 1.9%