Meanwhile, Time Warner Cable’s acquisition by Charter isn’t expected to close until sometime next year. The daily volume was measured at 3,303,994 shares.
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FCC chairman Tom Wheeler signaled at a Hill hearing this week that he had circulated for a commission-level vote an order responsive to a federal appeals court remand of the FCC’s decision in a protective order to make program contract documents available to third parties in the Comcast-Time Warner Cable and AT&T-DirecTV mergers.
Revenue rose 3.5 percent to $5.93 billion in the period, also falling short of Street forecasts. The stock was sold at an average price of $188.46, for a total transaction of $1,884,600.00. The stock’s 50 day moving average is $87.90 and its 200 day moving average is $84.85.
The mean analyst 12 month target price for Time Warner Inc. The highest analyst price target sees the stock at $222. However, analysts were expecting earnings of $1.81 per share on revenue of $5.94 billion.
Charter Communications has agreed to buy Time Warner Cable for $67.1 billion, and the companies are now seeking government approval of the deal. The company has a market cap of $72,054 million and the number of outstanding shares have been calculated to be 824,602,000 shares. During the same quarter last year, the company posted $0.97 EPS.
Shares in trading before the opening bell were down by 1.6% after closing on Wednesday slightly up. The ex-dividend date of this dividend was Monday, June 29th.
Time Warner Cable(NYSE:TWC) announced the earnings results for Fiscal Year 2015 and Q2. The business’s revenue for the quarter was up 4.8% compared to the same quarter past year. (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas.
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The company lost around 45,000 residential video customers during the quarter. According to Zacks, “We believe Time Warner’s initiatives such as foraying into new markets and digital endeavors augur well for its operating performance”.
