Time Warner Cable posts 4Q profit, results miss Wall Street estimates

StocksAssociated Press

Time Warner Cable Inc. (TWC) on Thursday reported fourth-quarter profit of $554 million.

The New York-based company said it had profit of $1.95 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $2.03 per share.

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The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The cable company posted revenue of $5.79 billion in the period, which also fell short of Street forecasts. Analysts expected $5.8 billion, according to Zacks.

For the year, the company reported profit of $2.03 billion, or $7.17 per share. Revenue was reported as $22.81 billion.

Time Warner Cable shares have decreased 8.5 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped almost 3 percent. The stock has climbed 4 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWC at http://www.zacks.com/ap/TWC

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Keywords: Time Warner Cable, Earnings Report