Cablevision posts 3Q profit, results top Wall Street forecasts

IndustriesAssociated Press

Cablevision Systems Corp. (CVC) on Thursday reported third-quarter profit of $71.5 million.

The Bethpage, New York-based company said it had profit of 26 cents per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The cable company posted revenue of $1.63 billion in the period, also exceeding Street forecasts. Analysts expected $1.61 billion, according to Zacks.

Cablevision shares have climbed 3 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 9.5 percent. The stock has climbed 14 percent in the last 12 months.


This story was generated by Automated Insights ( ) using data from Zacks Investment Research. CVC stock research report from Zacks: .


Keywords:Cablevision,Earnings Report