Time Warner's profit is 214 million U.S. dollars in the first quarter

Time 5/01/2010 07:59:00 AM

Comcast also announced earnings, then its shares are up 6.3%.

Time Warner Cable Inc. (TWC - Analyst Report) reported better-than expected first quarter 2010 financial results. Both the Commercial and Residential subscription revenue grew in the quarter, together with a rebound of the Advertising revenue growth.

During the same quarter, Time Warner Cable added 73,000 Triple play subscribers to 3.521 million, added 82,000 Double play subscribers to 4.982 million, and lost 109,000 Single play subscribers to 6.115 million.