THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Time Warner Cable maintains full-year earnings forecast

Email|Print|Single Page| Text size – +
April 30, 2008

NEW YORK—Time Warner Cable Inc. reaffirmed its full-year earnings forecast Wednesday after reporting first-quarter profit fell but beat analysts' estimates.

The cable operator still anticipates 2008 net income between $1.25 and $1.30 per share. Revenue is expected to climb about 9 percent from about $16 billion a year earlier, which would put full-year revenue at about $17.4 billion.

Analysts polled by Thomson Financial predict 2008 profit of $1.27 per share on sales of $17.25 billion.

Time Warner Inc. said in its quarterly earnings report that it plans to spin off its remaining stake in Time Warner Cable.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

more stories like this

  • Email
  • Email
  • Print
  • Print
  • Single page
  • Single page
  • Reprints
  • Reprints
  • Share
  • Share
  • Comment
  • Comment
 
  • Share on DiggShare on Digg
  • Tag with Del.icio.us Save this article
  • powered by Del.icio.us
Your Name Your e-mail address (for return address purposes) E-mail address of recipients (separate multiple addresses with commas) Name and both e-mail fields are required.
Message (optional)
Disclaimer: Boston.com does not share this information or keep it permanently, as it is for the sole purpose of sending this one time e-mail.