Time Warner Cable net up: $4B buyback planned

[admin]

Time Warner Cable net up: $4B buyback planned
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Time Warner Cable Inc., the New York provider of cable-TV and other services, reported that fourth-quarter net income rose 44% on 4% higher revenue, said it would buy back as much as $4 billion of stock and lifted the quarterly dividend 17%. Profit reached $564 million, or $1.75 a share, from $392 million, or $1.09, in the year-earlier quarter. Adjusted net was $1.39 a share versus 99 cents. Revenue rose to $4.99 billion from $4.8 billion. A survey of analysts by FactSet Ressearch produced consensus estimates of $1.19 a share of profit on $4.97 billion of revenue. The new dividend is 56 cents a share, up from 48 cents, payable March 15 to holders of record Feb. 29.