Time Warner Cable Announces Earnings

Time Warner Cable (TWC) announced on Monday that profit and sales for the third quarter missed expectations due to fewer video subscribers, as well as lower growth in broadband. Earnings increased by 27% versus the same period last year to $1.41 per share, while revenue increased by 9.2% to $5.36 billion. Analysts had expected earnings of $1.43 per share on $5.38 billion in revenue.