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Time Warner Cable Profit Up 23 Percent
Time Warner Cable Inc.'s fourth-quarter earnings rose 23 percent as more customers expanded from cable television to broadband Internet and phone services.

The cable company, majority owned by media conglomerate Time Warner Inc., said net income increased to $327 million, or 33 cents per share, from $266 million, or 27 cents per share, in the year-ago period.

Analysts expected earnings of 30 cents per share, according to Thomson Financial.

Revenue rose 12 percent to $4.1 billion from $3.65 billion. Wall Street expected $4.12 billion. An increase in broadband Internet service and Internet telephone paced the gains.

For all of 2007, net income fell to $1.12 billion, or $1.15 per share, from $2 billion, or $2 per share, last year, which included $1.04 billion from businesses Time Warner Cable no longer operates. Revenue rose 36 percent to $16 billion.
http://www.chron.com/disp/story.mpl/ap/fn/5517854.html