Time Warner Boosts Revenue, Profit in Second Quarter

Time Warner Cable (TWC) announced its results for the most recent quarter on July 28, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Investors cheered Time Warner Cable's latest numbers as the company reported EPS and revenues that topped predictions. The company reported EPS of $1.24/share versus the $1.15/share estimate and revenues of $4.94 billion versus the $4.93 billion estimate. EPS rose 30.5% while revenue climbed 4.4% from the same period last year.

This quarter marks the third in a row Time Warner has reported growing profits. Revenue has also increased the past four quarters on a year-over-year basis.

Income:
For the year, Time Warner Cable reported net income of $4.20 per share. The company trumped analyst projections of $4.05 by 3.7%. According to the reported number, the company's income rose 22.8% from last year's levels.

Conference Call:
The conference call for second quarter earnings can be accessed here.

Official Comment:
Time Warner Cable Chief Executive Officer Glenn Britt said: "Time Warner Cable continued to perform well in the second quarter, driven by very strong results in business services and higher residential ARPU. We also continued to generate strong free cash flow while still investing in our core business, allowing us to return more than $1billion to our shareholders."

Industry:
The cable TV company's industry is currently enjoying price/earnings growth of 0.4%. The company's EPS compares unfavorably with its industry's estimated average of $3.48.

What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold Time Warner Cable shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.

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