TWC 3Q—Shares Tumble Following Video Losses, Political Ads a Bright Spot
By | November 6, 2012
Time Warner Cable’s 3Q results failed to impress Wall Street on some fronts, with shares closing down 6% Mon. While Comcast is making strides in video, the 2nd largest cable provider continues to struggle, posting a net loss of 140K. Broadband additions of 98K were short of the 111K consensus. Analysts comment on the earnings and TWC’s bright spots, political advertising and the Insight acquisition, are reviewed.
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