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Latest in Cablevision Earnings
Cablevision Shares Slammed As Q1 Results Fall Short Of Expectations
The stock price is down more than 11% in pre-market trading and it’s easy to see why. The cable company reported a net loss of $16.4M, down from a $57.1M profit in the same period last year, on revenues of $1.52B, -7.5%. The Street thought that revenues would hit $1.64B. And analysts anticipated a 5 cent a share…
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Cablevision Q4 Revenues And Subscriptions Hurt By Hurricane Sandy
The stock is down as investors discount the one-time $200M benefit to earnings, mostly from Dish Network’s payment to settle the breach-of-contract case involving the now-defunct VOOM collection of HD channels. That contributed to Cablevision’s net income of $116.6M in Q4, up 27.4% vs the end of 2011, on revenues of…
Cablevision Hangs In With Q2 Earnings Ahead Of Analysts' Targets
The results aren’t thrilling, but they aren’t bad either considering the challenges that the Long Island-based cable operator faces — and the Street’s expectations. Cablevision reported net income of $63.8M, -27.6% vs last year’s Q2, on revenues of $1.7B, +5.1%. The revenue number is on target with the consensus…
Cablevision Q4 Earnings Mostly Meet Expectations As Broadband Subs Grow
Cablevision CEO Jim Dolan likely will be on the hot seat today as investors look for clues about his priorities after the recent departure of COO Tom Rutledge, now CEO of Charter. But Dolan at least won’t have to apologize for his company’s Q4 results. It ended the year with net earings of $60.5M, down 46.9%…
UPDATE: Cablevision Shares Fall Sharply After 3Q Earnings Miss
UPDATE, 8:05 AM: The stock is down more than 13% in early trading, with the decline accelerating after the company’s conference call with analysts. CEO Jim Dolan acknowledged that “not all of our results in the quarter are where we want” — which he says is due in part to the decline in housing growth. But COO Tom…
Cablevision Shares Hammered After It Misses The Street's 2Q Targets
Cablevision shares are down 8.7% in early trading after the company reported anemic 2Q results. Net income at $87.8M was up 44.3% vs the same period last year on revenues of $1.69B, up 9.1%. But if you factor out the company’s recent acquisition of Bresnan Communications, the 2Q growth for cable TV — which accounts…
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