Cablevision posts higher results on Dish court settlement

Thu Feb 28, 2013 8:47am EST

Feb 28 (Reuters) - Cablevision Systems Corp took a $100 million hit on costs related to Superstorm Sandy but still posted higher quarterly net income, thanks to a $200 million payment from Dish Network Corp it received as part of a legal settlement.

The cable service provider posted on Thursday net income for the fourth quarter of $116 million or 45 cents per share compared with net income of $60 million or 22 cents per share in the fourth quarter a year before.

Revenue fell to $1.66 billion from $1.69 billion a year earlier, just missing Wall Street expectations of $1.68 billion, according to Thomson Reuters I/B/E/S.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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