Wednesday, May 2, 2007

UPDATE 1-Time Warner Cable posts 1st-qtr profit

(Reuters) - In its debut earnings report as a public company Time Warner Cable posted a net profit of $276 million or 28 cents per share in the first quarter up from $237 million or 23 cents a year ago.

Excluding the one-time gains, the company's profit was 20 cents a share, compared with the average Wall Street estimate of 23 cents a share.


Read more at Reuters.com Market News

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