Cablevision Systems Q3 Profit Falls - Quick Facts

(RTTNews) - Telecommunications and media company Cablevision Systems Corp. (CVC) reported third-quarter net income attributable to stockholders of $71.49 million, significantly down from $294.6 million in the prior year.

Earnings per share fell to $0.26 from $1.10 per share reported last year. Earnings from continuing operations were $0.22 per share in the previous year.

On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter grew 3.7% to $1.63 billion from $1.57 billion a year ago. Analysts estimated revenues of $1.61 billion for the quarter.