Key Developments: Time Warner Cable Inc (TWC.N)

TWC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Time Warner Cable Inc Sees FY 2013 Revenue Guidance At low End Of Prior Range; Sees FY 2013 EPS Guidance At High End Of Prior Range; Comments On H2 2013 EPS Guidance-Conference Call
8:30am EDT 

Time Warner Cable Inc announced that for fiscal 2013, the Company's expectation for revenue is tracking to the low end of the 4% to 5% revenue growth guidance given at the beginning of the year. On the EPS front, the Company expectation is for adjusted diluted EPS growth to accelerate in the second half of 2013 and for fiscal 2013 growth to be at the high end of 10% to 15% growth guidance range. The Company reported EPS of $6.90 and revenue of $21.386 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report Revenue of $22.248 billion for fiscal 2013.  Full Article

Time Warner Cable Inc Announces $4 Billion Share Repurchase Authorization; Declares Quarterly Dividend
Thursday, 25 Jul 2013 04:00pm EDT 

Time Warner Cable Inc announced that its Board of Directors replenished its share repurchase authorization to $4 billion effective. The timing of purchases will be based on market conditions and other factors. The Company also declared a quarterly dividend of $0.65 per share on the Company`s Common Stock, payable in cash on September 16, 2013 to stockholders of record at the close of business on August 30, 2013.  Full Article

Time Warner Cable Inc Announces Glenn A. Britt To Retire As Chairman And CEO
Thursday, 25 Jul 2013 03:26pm EDT 

Time Warner Cable Inc announced that Glenn A. Britt Company's Chairman and Chief Executive Officer (CEO) will retire at the end of 2013. Elected Robert D. Marcus, the Company's President and Chief Operating Officer, to succeed Britt as Chairman and CEO effective January 1, 2014. Mr. Britt will remain on the Board in a non-executive role at that time.  Full Article

Time Warner Cable Inc Declares Quarterly Dividend
Thursday, 16 May 2013 10:09am EDT 

Time Warner Cable Inc announced that it has declared a quarterly dividend of $0.65 per share on the Company's Common Stock, payable in cash on June 17, 2013 to stockholders of record at the close of business on May 31, 2013.  Full Article

Time Warner Cable Inc Announces Senior Management Changes
Monday, 29 Apr 2013 05:00pm EDT 

Time Warner Cable Inc announced that Arthur T. Minson, Jr. has been named Executive Vice President and Chief Financial Officer, effective May 2. He will report to Glenn A. Britt, Chairman and Chief Executive Officer. The Company also announced that Irene M. Esteves will be leaving the Company.  Full Article

Time Warner Cable Inc Issues FY 2013 EPS Guidance Above Analysts' Estimates-Conference Call
Thursday, 25 Apr 2013 08:30am EDT 

Time Warner Cable Inc announced that it expect to deliver 10% to 15% adjusted diluted EPS growth for fiscal 2013. The Company reported EPS of $6.90 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.54 for fiscal 2013.  Full Article

Time Warner Cable Inc CEO Glenn Britt To Step Down By Year End-Reuters
Friday, 1 Feb 2013 03:15pm EST 

Reuters reported that according Wall Street Journal Time Warner Cable Inc's Chief Executive Officer (CEO) Glenn Britt will step down at the end of the year. A Time Warner Cable spokesman said in a statement that Britt is under contract and if and when he decides to step down, we'll have an announcement.  Full Article

Time Warner Cable Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 31 Jan 2013 08:30am EST 

Time Warner Cable Inc announced that for fiscal 2013, it expects organic revenue growth to be around 3% to 4%, comparable to the 3.5% growth rate in 2012. In addition to organic growth, the Company will have a 12 months of Insight revenue in 2013 compared to 10 months in 2012, so the Company expects total reported revenue growth to be in the 4% to 5% range. The Company reported revenue of $21.386 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $22.343 billion for fiscal 2013.  Full Article

Time Warner Cable Inc Raises Quarterly Dividend by 16% to $0.65 Per Share
Thursday, 31 Jan 2013 06:00am EST 

Time Warner Cable Inc announced that it has raised its regular quarterly dividend by 16% to $0.65 per share; $2.60 per share on an annualized basis. The quarterly dividend is payable in cash on March 15, 2013 to stockholders of record at the close of business on February 28, 2013.  Full Article

Time Warner Cable Inc Enters Partnership With World Golf Champion Ian Poulter
Wednesday, 9 Jan 2013 10:21am EST 

Time Warner Cable Inc announced that it has partnered with World Golf Champion, Ian James Poulter, in support of its Enjoy Sports Better initiative that helps customers enjoy the sports and teams they love even more. Poulter is an English professional golfer who is a member of the top two professional golf tours, the U.S.-based PGA Tour and the European Tour. He has previously been ranked as high as number 5 in the world rankings. The partnership will feature Poulter in a national advertising campaign as well as appearances at golf tournaments and exclusive opportunities with customers in Time Warner Cable markets. In the next few months, Time Warner Cable customers across its footprint can view a new Enjoy Sports Better commercial featuring Poulter and other top athletes. Additionally, customers will have the chance to meet and greet Poulter at golf tournaments where he will be competing.  Full Article

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Time Warner Cable posts weak Internet numbers, sparks deal talk

- Time Warner Cable Inc reported quarterly revenue below analysts' estimates as it added less than half the number of subscribers for high-speed data services that analysts had expected.

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