Cablevision Loses Subscribers

Cablevision Systems Corp. (NYSE:CVC) reported net income of $39.3 million, or $0.14 per share, as compared to $112.1 million or $0.37 per share a year earlier.  Analysts had expected earnings of $0.32.  Revenue rose to $1.67 billion.

The company reported losing 19,000 subscribers over the quarter, fewer than the 26,000 estimated by analysts.

Following is some information on the company’s stock price performance, along with that of some of its competitors:

  • Cablevision Systems Corp. (NYSE:CVC): The shares recently traded at $15.37, down $1.74, or 10.25%, on the day.  The shares have traded in a 52-week range of $14.45 to $38.08 and its market capitalization is $4.41 billion.  About the company: Cablevision Systems Corporation provides telecommunications and entertainment services.  The Company has operations in multimedia delivery, subscription cable television services, championship professional sports teams, and national television program networks.
  • Comcast Corporation (NASDAQ:CMCSA): The shares recently traded at $23.89, down $0.70, or 2.85%, on the day.  The shares have traded in a 52-week range of $19.19 to $27.16 and its market capitalization is $65.65 billion.  About the company: Comcast Corporation is a provider of video, high-speed Internet and phone services.  The Company offers a variety of entertainment, information and communication services to residential and commercial customers.  Comcast is headquartered in Philadelphia, Pennsylvania.
  • Time Warner Cable, Inc. (NYSE:TWC): The shares recently traded at $63.63, down $1.58, or 2.42%, on the day.  The shares have traded in a 52-week range of $57.19 to $80.86 and its market capitalization is $20.69 billion.  About the company: Time Warner Cable, Inc. offers cable television subscription services.  The Company also offers Internet access and voice over Internet protocol telephone services.
  • DISH Network Corp. (NASDAQ:DISH): The shares recently traded at $24.51, down $0.93, or 3.66%, on the day.  The shares have traded in a 52-week range of $17.95 to $32.56 and its market capitalization is $10.93 billion.  About the company: DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States.
  • DIRECTV (NASDAQ:DTV): The shares recently traded at $46.33, down $1.01, or 2.14%, on the day.  The shares have traded in a 52-week range of $39.12 to $53.40 and its market capitalization is $34.21 billion. About the company: DIRECTV provides digital television entertainment in the United States and Latin America.  The Company acquires, promotes, sells and distributes digital entertainment programming via satellite to residential and commercial subscribers.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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