Time Warner Cable Q4 Profit Rises - Quick Facts

(RTTNews) - Time Warner Cable Inc.'s (TWC) net income attributable to shareholders for its fourth quarter was $554 million or $1.95 per share, up from $540 million or $1.89 per share in the fourth quarter of 2013.

Adjusted net income attributable to shareholders for the latest fourth quarter was $577 million and $2.03 per share, compared to $520 million and $1.82 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $2.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 3.8% to $5.79 billion from $5.58 billion in the previous year. Wall Street analysts had a consensus revenue estimate of $5.81 billion.

Time Warner Cable Chairman and CEO Rob Marcus said: "Our fourth quarter marked a strong finish to a really positive year for Time Warner Cable. As a result of record Q4 subscriber net adds and the investments we made all year in our plant, products and customer care, we enter 2015 with tremendous operating momentum."

Marcus added, "We continue to expect the Comcast merger to close soon; until then, we remain one hundred percent committed to executing our plan."