Jul 29

Time Warner Cable Tops Profit Estimates on Internet-User Growth

ime Warner Cable Inc., the second- largest U.S. cable-television operator, reported profit that beat analysts’ estimates after luring more Internet subscribers.

Second-quarter net income rose to $420 million, or $1.24 a share, from $342 million, or 95 cents, a year earlier, the New York-based company said today in a statement. Excluding one-time items, earnings per share were $1.19. Analysts predicted $1.16, the average of estimates compiled by Bloomberg.

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