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The
company, which is being bought by Charter Communications Inc,
added 232,000 high-speed data subscribers in the third quarter
compared with 172,000 additions in the second quarter.
Wunderlich Securities analysts were expecting 191,000 subscriber
additions.
Time Warner Cable also said it lost 7,000 residential video
subscribers in the three months ended Sept. 30, far less than
the 45,000 it lost in the second quarter.
Cable companies have been grappling with declining subscriber
numbers as viewers shift to cheaper and more flexible streaming
services offered by Netflix Inc, Amazon.com Inc, Hulu and
others.
Net income attributable to Time Warner Cable shareholders fell
to $437 million, or $1.53 per share, from $499 million, or $1.76
per share, a year earlier.
Excluding items, it earned $1.62 per share, beating analysts
average estimate of $1.57 per share, according to Thomson
Reuters I/B/E/S.
Revenue rose 3.6 percent to $5.92 billion, slightly short of
analysts average estimate of $5.96 billion.
Charter in May said it would buy Time Warner Cable in a
cash-and-stock deal that values the larger rival at $78.7
billion, to compete with the Comcast Corp.
The deal is slated to close by the end of the year, but is also
subject to a lot of regulatory scrutiny. Regulatory obstacles
had earlier sunk Comcast's bid for Time Warner Cable.
(Reporting by Anya George Tharakan in Bengaluru; Editing by
Savio D'Souza)
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