Cable Operator Cablevision Beats Estimates – ValueWalk Premium

Cable Operator Cablevision Beats Estimates

New subscriber additions boosted Q2 profits for Cablevision Systems Corporation (NYSE:CVC) and beat analyst estimates.

Net earnings came in at $63.5 million (24 cents a share), compared to $87.8 million (32 cents a share) in the year ago period. Expectations by analysts were in the region of 19 cents on average. However, last year, spun-off unit AMC Networks Inc (NASDAQ:AMCX) contributed $18.6 million . . .

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