Cablevision Systems Reports Profit In Q1 - Quic Facts

(RTTNews) - Cablevision Systems Corporation (CVC) reported first-quarter net income to stockholders of $89.76 million or $0.33 per share, compared to a loss of $16.14 million or $0.06 per share, last year. Income per share from continuing operations was $0.34, compared to a loss of $0.03, a year ago.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased to $1.58 billion from $1.51 billion. Analysts expected revenue of $1.56 billion for the quarter.

Cablevision CEO James Dolan said, "In the first quarter, Cablevision generated strong year-over-year financial results as well as solid growth in our high speed data and voice subscriber metrics. We continued to enhance the customer experience with industry leading products and our relentless focus on providing better service for our customers."