Cablevision Systems Q2 Profit Declines - Quick Facts

(RTTNews) - Cablevision Systems Corp. (CVC) reported second-quarter net income attributable to stockholders of $75.6 million, or $0.27 per share, down from last year's $94.3 million, or $0.35 per share.

Income from continuing operations dropped to $0.27 per share from $0.34 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

But, net revenues for the latest second quarter grew to $1.65 billion from $1.63 billion in the prior year. Wall Street expected revenues of $1.65 billion.

On August 6, 2015, the Board of Directors of Cablevision declared a quarterly dividend of $0.15 per share on each outstanding share of Cablevision NY Group Class A Common Stock and Cablevision NY Group Class B Common Stock. This quarterly dividend is payable on September 10, 2015 to shareholders of record at the close of business on August 21, 2015.