VIDEO: Earnings–Time Warner Cable Beats Profit Estimates On Subscriber Declines

8-2-2012- Time Warner Cable (NYSE:TWC) will be one to watch today after it posted its second quarter results. Profit for the company rose 7.6% with an EPS of $1.48, excluding restructuring costs. This was higher than analysts expectations of $1.39 a share. Revenue also rose 93.% to $5.4 billion which was in line with estimates.The company said the boost was due to growth in its high-speed services segment but it did lose video subscribers over the quarter. The loss also comes with the higher programmer fees that have been plaguing cable providers recently. By the numbers, Time Warner Cable lost 169,000 video subscribers in the quarter.