Cablevision Systems Corp. (CVC) on Wednesday reported fourth-quarter net income of $56 million.
On a per-share basis, the Bethpage, New York-based company said it had profit of 20 cents.
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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The cable company posted revenue of $1.63 billion in the period, which met Street forecasts.
For the year, the company reported profit of $311.4 million, or $1.15 per share. Revenue was reported as $6.46 billion.
Cablevision shares have decreased 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 3 percent. The stock has increased 23 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVC at http://www.zacks.com/ap/CVC
Keywords: Cablevision, Earnings Report