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UPDATE: Cablevision Posts Q3 Profit

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Cablevision Systems (NYSE: CVC) posted a profit in the third quarter.

Cablevision swung to a quarterly profit of $294.6 million, or $1.10 per share, versus a year-ago loss of $3.8 million, or a penny per share. Its per-share earnings from continuing operations climbed to $0.22 versus a penny.

Its revenue rose 1.8% to $1.57 billion. However, analysts were expecting a profit of $0.11 per share on revenue of $1.57 billion.

Cablevision shares closed at $15.63 yesterday.

Posted-In: profitEarnings News

 

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