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Wednesday, May 22, 2013 | 3:33 p.m.
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Updated: 9:40 a.m. Thursday, April 26, 2012 | Posted: 9:39 a.m. Thursday, April 26, 2012
Staff Report
Time Warner Cable Inc., the dominant service provider in the Dayton area, said Thursday that its first-quarter profit rose nearly 18 percent on increased demand for its residential broadband services.
The company said it earned $382 million, or $1.20 a share, in the January-March period, compared with a profit of $325 million, or 93 cents, during the same time last year.
Excluding items, Time Warner Cable said it would have earned $1.30 a share in the first quarter. Sales rose 6.4 percent to $5.13 billion.
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