30.07.2015 - Time Warner Cable increased revenues
The American media company Time Warner Cable said that profit in the second quarter fell to 463 million dollars against 499 million dollars during the same period of the last year. Cable TV provider announced a reduction in operating profit and tax growth, which was negatively displayed on the company's financial results. It is worth noting that the company's revenue increased by 3.5% to 5.93 billion dollars. We expect the company's shares fall this year by 15-16% per annum.