TWC Q3 earnings show greener side!

Time_Warner_NC

TWC Q3 earnings are better than what analysts had expected it to be. The third quarter earnings of the company were able to adjust profit as more high-speed internet customers enrolled in. Charter Communications Inc. will soon acquire TWC (Time Warner Cable).

The unexpected profit in TWC Q3 earnings is the result of new subscribers that have subscribed themselves for services by Time Warner Cable. 232,000 customers have been subscribed in the third quarter as compared to 172,000 customers in the second quarter.

The analysts were expecting almost 191,000 additions.

In last three months, the company has lost almost 7,000 video subscribers, which is better than second quarter when it lost 45,000 subscribers.

Losing subscribers has become a common problem for cable companies these days, as subscribers shift to more flexible and cheaper live streaming services provided by giants like Amazon, Hulu, Netflix, and many more.

TWC Q3 earnings report states that earlier this year, the shareholder’s net income owing to Time Warner Cable dropped at $1.53 per share from $1.76 per share. The company earned $1.62 on each share if we exclude the items, which surpassed the expectations of analysts who were expected it to be $1.57 per share.

Charter Communications Inc will buy TWC in a stock and cash deal of $78.7 billion in order to beat its nemesis the Comcast Corporation. The deal will be sealed by the end of December, 2015.

It seems that TWC Q3 earnings will give a positive boost to the upcoming merger as the segment for business services remains the major focus for driving growth within the organization.

Avatar
Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook

Recent Posts

Weak US job report results in volatile market

Weak US job report results in volatile market

A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers
17 hours ago
Star and Blackstone launch bids to buyout Australia’s Crown Resorts

Star and Blackstone launch bids to buyout Australia’s Crown Resorts

A bidding war has broken out between Australian casino company Star Entertainment Group and US private equity investor Blackstone Group over Crown Resorts, Australia’s bigges
17 hours ago
5 Most Expensive Divorce Settlements in History

5 Most Expensive Divorce Settlements in History

Almost half of the marriages end in divorce is an oft-quoted adage, but surprisingly, this is not true in today’s world. The reasons are varied, gender equality, the higher p
2 days ago
JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase, the largest U.S. bank by assets, has appointed two new executives to head its information units in a bid to make its workforce more inclusive and increase racial an
2 days ago
US solar energy sector sees 7% drop in jobs

US solar energy sector sees 7% drop in jobs

The U.S. solar industry witnessed a 7% cut in jobs due to the coronavirus and increasing use of labor-saving tech in the industry, according to an industry report. Job decline is n
2 days ago
Blackstone puts in an offer of $1.68 billion for St Modwen

Blackstone puts in an offer of $1.68 billion for St Modwen

Blackstone, the private equity firm, is planning to acquire St Modwen Properties, a logistics and housing developer, for £1.2bn ($1.68 billion) in a bid to take advantage of the P
4 days ago