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Cable company’s profits suffer

Time Warner posted $1.34 of earnings per share, 9 cents below expectations. Revenue of $5.36 billion missed expectations for $5.39 billion.
Toru Hanai /Reuters
Time Warner posted $1.34 of earnings per share, 9 cents below expectations. Revenue of $5.36 billion missed expectations for $5.39 billion.
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Time Warner Cable lost 6 percent, the biggest drop of any company in the S&P 500 index. The country’s second-largest cable company posted earnings Monday morning that fell short of analysts’ predictions. Time Warner reported stronger revenue across most of its businesses but lost 140,000 cable TV subscribers in three months.