Barrington Reiterates Outperform on Time Warner Cable After 3Q EPS Release

Barrington has published a research report on Time Warner Cable (NYSE: TWC) after the company released 3Q results.

In the report, Barrington writes, "Time Warner Cable announced third quarter results that largely matched our estimates in terms of subscriber count results, but fell short of expectations on the bottom line. Reported EPS of $1.08 were below our estimated $1.15 as well as the consensus of $1.14. This figure included certain restructuring and acquisition costs that impacted net income by about $(0.02) per share, suggesting that adjusted EPS came in at $1.10."

Barrington maintains its Outperform rating on Time Warner Cable, which is currently trading down $0.08 from Friday's $62.48 closing price.