Cablevision Systems Posts Profit In Q3 - Quick Facts

(RTTNews) - Telecom and media company Cablevision Systems Corp. (CVC) reported third-quarter net profit attributable to stockholders of $294.6 million, or $1.10 per share, versus last year's loss of $3.79 million, or $0.01 per share. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $0.11 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, three-month income from continuing operations surged year-over-year to $59.75 million, or $0.22 per share, from $3.71 million, or $0.01 per share.

For the quarter, consolidated net revenues went up 1.8% to $1.57 billion, from $1.54 billion reported a year back, while 17 analysts estimated revenues of $1.57 billion.

The company said operating results of Bresnan Cable and Clearview have been reflected in discontinued operations for both the periods.