Time Warner Cable Inc (TWC.N), which is being bought by Charter Communications Inc (CHTR.O), reported a 4.9 percent rise in revenue as it added more residential video customers.
The company said revenue rose to $6.07 billion in the fourth quarter, from $5.79 billion a year earlier.
Net income attributable to common shareholders fell to $486 million, or $1.70 per share, in the quarter ended Dec. 31, from $554 million, or $1.95 per share.
Time Warner Cable added 54,000 residential video customers on a net basis, compared with the 7,000 residential video subscribers it lost in the third quarter.
REUTERS
About the Author
