Cablevision's Quarterly Profit Falls


Cablevision Systems Corp reported a quarterly loss on Tuesday as its costs rose even as its revenue increased.

The cable service provider posted a loss of $3.8 million or 1 cent per share compared with a profit of $39.3 or 14 cents per share in the year-earlier quarter.

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Revenue rose to $1.69 billion from $1.67 billion, meeting Wall Street expectations, according to Thomson Reuters I/B/E/S.