Time Warner Cable, Inc. Announces 9% Rise In Q1 Bottom Line

(RTTNews) - Time Warner Cable, Inc. (TWC) reported a profit for its first quarter that rose from last year.

The company said its bottom line came in at $518 million, or $1.81 per share. This was up from $474 million, or $1.65 per share, in last year's first quarter.

Analysts had expected the company to earn $1.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $6.19 billion. This was up from $5.78 billion last year.

Time Warner Cable, Inc. earnings at a glance:

-Earnings (Q1): $518 Mln. vs. $474 Mln. last year. -Earnings Growth (Y-o-Y): 9.3% -EPS (Q1): $1.81 vs. $1.65 last year. -EPS Growth (Y-o-Y): 9.7% -Analysts Estimate: $1.74 -Revenue (Q1): $6.19 Bln vs. $5.78 Bln last year. -Revenue Change (Y-o-Y): 7.1%