Time Warner Cable Reports First Quarter of Video Subscriber Growth Since 2009

Time Warner Cable on Thursday reported lower-than-expected first-quarter earnings, but posted its first quarter of video subscriber growth since 2009. The cable operator, led by chairman and CEO Rob Marcus, reported earnings of $458 million, compared with $479 million in the year-ago period. Earnings per share reached $1.65. Wall Street had on average projected earnings of $536.5 million, or $1.88 per share. Revenue rose 3.5 percent to $5.78 billion.