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 & Google.

Recent Posts

Netflix gets overweight rating from analysts for 4th quarter

Netflix gets overweight rating from analysts for 4th quarter

Netflix will report fourth-quarter earnings Tuesday and its results will be a strong indication for an industry waiting to transition to a p...
7 hours ago
Microsoft partners with Cruise to commercialize self-driving vehicles

Microsoft partners with Cruise to commercialize self-driving vehicles

Microsoft Corp. is joining hands with Cruise, the self-driving subsidiary of General Motors., to help accelerate the commercialization of dr...
7 hours ago
Apple car may upset auto industry manufacturing model

Apple car may upset auto industry manufacturing model

Since last December, the Apple car project called Titan has been generating much interest with speculations surrounding design manufacturing...
1 day ago
Amazon opens two new logistics centers in Italy

Amazon opens two new logistics centers in Italy

Amazon will open two new logistics centers in Italy this year, investing over $278 million (230 million euros), the world’s largest online...
2 days ago
Fitch Ratings invests in AI startup to improve bank misconduct detection

Fitch Ratings invests in AI startup to improve bank misconduct detection

Fitch Ratings, a global leader in credit ratings and research, has inked a partnership with a French artificial intelligence startup as it e...
2 days ago
New Shepard Rocket launches Successful Test Liftoff

New Shepard Rocket launches Successful Test Liftoff

The New Shepard rocket by Blue Origin successfully conducted the test launch in the Texas testing site, successfully performing take-off and...
3 days ago