& cplSiteName &

TW Cable Misses Q3 Targets

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
11/5/2012
50%
50%

Time Warner Cable Inc. (NYSE: TWC) missed its third-quarter financial targets as the operator shed more video customers and added fewer broadband subscribers than analysts were expecting.

The second-largest cable operator in the U.S. posted net income of US$808 million ($2.60 per share) on revenues of $5.36 billion, up 9.2 percent versus the year-ago quarter. Excluding one-time items, including investment gains tied to Clearwire LLC (Nasdaq: CLWR), and the cross-MSO Spectrum Co. LLC partnership, earnings were $1.41 per share. Analysts were expecting net income of $1.43 per share and revenues of $5.39 billion. (See TW Cable to Dump Clearwire Stake.)

TW Cable lost 140,000 video subs, about 13,000 more than the 128,000 analysts were expecting, giving it a total of 12.15 million at the end of the quarter.

TW Cable added 85,000 high-speed Internet subs in the quarter versus the 96,000 anticipated by Wall Street, for a total of 10.86 million. Voice subscriber additions were flat, keeping that total at roughly 4.99 million.

TW Cable continued to stoke business services growth in the quarter, as the category pulled in $493 million, up 27.4 percent year-over-year.

— Jeff Baumgartner, Site Editor, Light Reading Cable



(4)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
AESerm
50%
50%
AESerm,
User Rank: Light Beer
12/5/2012 | 5:18:07 PM
re: TW Cable Misses Q3 Targets


Looks like Barclay Equity flagged lower VOD revs. One (non Barclays) expert said that's a steady trend, as Internet is drawing away eyeballs that once supported the dirty little cable VOD revenue secret (porn). Vast majority of VOD views remain free.

shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:18:06 PM
re: TW Cable Misses Q3 Targets


Given the frequency with which "analysts" and "Wall Street" miss with their predictions, maybe it's time to question the targets rather than the company's actual performance.

shygye75
50%
50%
shygye75,
User Rank: Light Sabre
12/5/2012 | 5:18:06 PM
re: TW Cable Misses Q3 Targets


Jeff -- I know you say that TWC missed its targets, but the only targets you mention are the ones predicted by "Wall Street" and "analysts." I don't think those constitute official corporate guidance.

Jeff Baumgartner
50%
50%
Jeff Baumgartner,
User Rank: Light Beer
12/5/2012 | 5:18:06 PM
re: TW Cable Misses Q3 Targets


Good point of clarification. They missed the analyst targets. JB


 


 

Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could 5G Have Found Its Glass Ceiling?
Dan Jones, Mobile Editor, 9/20/2017
1 Million Pirate Set-Top Boxes Sold in the UK
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
Comcast Shuts Down OTT Again
Mari Silbey, Senior Editor, Cable/Video, 9/19/2017
Photo Highlights: Operations Transformation Forum 2017
Ray Le Maistre, International Group Editor, 9/17/2017
WiCipedia: Endangered Species, 'the Pao Effect' & Bad Actors
Eryn Leavens, Special Features & Copy Editor, 9/22/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed