Cablevision Systems Corp Bottom Line Falls 43% In Q4

(RTTNews) - Cablevision Systems Corp (CVC) announced a profit for fourth quarter that declined from last year.

The company said its bottom line fell to $32.12 million, or $0.12 per share. This was down from $55.98 million, or $0.20 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.63 billion, equal to the mark posted in the same period last year.

Cablevision Systems Corp earnings at a glance:

-Earnings (Q4): $32.12 Mln. vs. $55.98 Mln. last year. -Earnings Decline (Y-o-Y): -42.6% -EPS (Q4): $0.12 vs. $0.20 last year. -EPS Decline (Y-o-Y): -40.0% -Analysts Estimate: $0.15 -Revenue (Q4): $1.63 Bln vs. $1.63 Bln last year. -Revenue Change (Y-o-Y): 0%