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2011/05/09

Cablevision Earns Higher Net Income, Revenues during 1Q - Cable Spotlight

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May 06, 2011

Cablevision Earns Higher Net Income, Revenues during 1Q

By Ed Silverstein, TMCnet Contributor

Cablevision Systems (News - Alert) saw higher net income and revenues during the recent first quarter but had lower growth than expected in its vital New York metropolitan market.

Reuters reports that Cablevision saw quarterly net income increasing to $104.1 million, from $74.2 million during the same period in 2010. In addition, quarterly revenue increased 9.7 percent to $1.92 billion, Reuters (News - Alert) adds.

Shares of Cablevision stock fell about 2-1/2 percent with concerns from investors that the company’s number of video subscribers in the New York region was lower than anticipated, Reuters reports... Read More

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