UPDATE: Time Warner Cable Posts Rise In Q1 Profit

Time Warner Cable Inc TWC reported a rise in its first-quarter profit. Time Warner Cable's quarterly earnings rose to $382 million, or $1.20 per share, from $325 million, or $0.93 per share, in the year-earlier period. Excluding items, the company earned $1.30 per share. Its revenue climbed 6.4% to $5.13 billion. Analysts were projecting an adjusted profit of $1.21 per share on revenue of $5.13 billion. Time Warner Cable shares closed at $82.15 yesterday.