Time Warner Cable's quarterly profit rises 5 pct

Thursday, 30 Jan 2014 | 6:14 AM ET

Jan 30 (Reuters) - Time Warner Cable Inc, the second largest U.S. cable operator, posted a 5 percent rise in quarterly profit as its residential subscriber trends improved through the quarter.

Net income attributable to the company rose to $540 million, or $1.89 per share, in the fourth quarter, from $513 million, or $1.68 per share, a year earlier.

Revenue rose about 2 percent to $5.58 billion. The company said it lost 217,000 residential video customers in the quarter.

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