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Time Warner Cable quarterly revenue rises 3.8 percent


    (Reuters) - Time Warner Cable Inc, the second-largest U.S. cable TV operator, reported a 3.8 percent rise in revenue as it lost fewer residential video customers.

    Net income attributable to common shareholders rose to $554 million, or $1.95 per share, in the quarter ended Dec. 31, from $540 million, or $1.89 per share, a year earlier.

    Revenue rose to $5.79 billion from $5.58 billion.

    Time Warner Cable lost 38,000 residential video customers in the quarter, less than the 103,000 that market research firm StreetAccount had estimated.

    The company lost 85,000 residential video subscribers a year earlier.

    (Reporting By Subrat Patnaik in Bengaluru; Editing by Don Sebastian)