Time Warner Cable, Inc. Reveals 10% Decline In Q4 Profit

(RTTNews) - Time Warner Cable, Inc. (TWC) reported a profit for fourth quarter that declined from last year.

The company said its bottom line totaled $517 million, or $1.80 per share. This was down from $577 million, or $2.03 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.8% to $6.07 billion. This was up from $5.79 billion last year.

Time Warner Cable, Inc. earnings at a glance:

-Earnings (Q4): $517 Mln. vs. $577 Mln. last year. -Earnings Decline (Y-o-Y): -10.4% -EPS (Q4): $1.80 vs. $2.03 last year. -EPS Decline (Y-o-Y): -11.3% -Analysts Estimate: $1.78 -Revenue (Q4): $6.07 Bln vs. $5.79 Bln last year. -Revenue Change (Y-o-Y): 4.8%