Time Warner Cable (NYSE: TWC ) 1Q profit beats estimates on high-speed data subscriber gains Dominion Lending Centres Clearlease

Time Warner Cable (NYSE: TWC ) 1Q profit beats estimates on high-speed data subscriber gains Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Time Warner Cable Inc.’s (NYSE: TWC ) first-quarter net income rose as more people signed up for high-speed Internet connections, which the company said Thursday April 28, 2011 is becoming the most important service for consumers.

The New York-based company added 177,000 residential Internet customers — more than the 159,000 expected — ending the quarter with 9.6 million. Chief Executive Glenn Britt said the total number, including 346,000 business customers, surpassed 10 million after the quarter ended.

“High-speed data is quickly becoming the anchor product in the eyes of our customers,” Britt told analysts.

The company lost 66,000 residential video subscribers, in line with forecasts. Combined with business customers, it ended with 12.3 million video subscribers.

Net income rose 52 per cent to $325 million, or 93 cents per share. Excluding one-time items, adjusted earnings came to $1.01 per share, beating the 97 cents per share expected by analysts polled by FactSet.

Revenue rose 5 per cent to $4.83 billion, also surpassing expectations for revenue of $4.79 billion.

The company said a mix of higher prices and customers buying higher-end products helped average revenue per user. Average video revenue rose 5 per cent to $74.57 per customer, data revenue rose 6 per cent to $44.68 and voice revenue rose 2 per cent to $39.32.

Britt said that new technology was allowing it to improve the experience of video subscribers — evidenced by the launch of its iPad application.

But he said the greater use of data by some could eventually lead to usage-based pricing, reiterating comments the company made earlier.

“Clearly, the volume of activity on the Internet is growing really fast,” he said. “To keep up with that there’s going to be more and more investment required. It’ll be natural, like everything else in our lives, that the people who use more will pay more and the people who use less will pay less.”

Shares rose 51 cents to $75.82 in morning trading Thursday.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Time Warner Cable (NYSE: TWC ) 1Q profit beats estimates on high-speed data subscriber gains Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Time Warner Cable Inc.’s (NYSE: TWC ) first-quarter net income rose as more people signed up for high-speed Internet connections, which the company said Thursday April 28, 2011 is becoming the most important service for consumers.

The New York-based company added 177,000 residential Internet customers — more than the 159,000 expected — ending the quarter with 9.6 million. Chief Executive Glenn Britt said the total number, including 346,000 business customers, surpassed 10 million after the quarter ended.

“High-speed data is quickly becoming the anchor product in the eyes of our customers,” Britt told analysts.

The company lost 66,000 residential video subscribers, in line with forecasts. Combined with business customers, it ended with 12.3 million video subscribers.

Net income rose 52 per cent to $325 million, or 93 cents per share. Excluding one-time items, adjusted earnings came to $1.01 per share, beating the 97 cents per share expected by analysts polled by FactSet.

Revenue rose 5 per cent to $4.83 billion, also surpassing expectations for revenue of $4.79 billion.

The company said a mix of higher prices and customers buying higher-end products helped average revenue per user. Average video revenue rose 5 per cent to $74.57 per customer, data revenue rose 6 per cent to $44.68 and voice revenue rose 2 per cent to $39.32.

Britt said that new technology was allowing it to improve the experience of video subscribers — evidenced by the launch of its iPad application.

But he said the greater use of data by some could eventually lead to usage-based pricing, reiterating comments the company made earlier.

“Clearly, the volume of activity on the Internet is growing really fast,” he said. “To keep up with that there’s going to be more and more investment required. It’ll be natural, like everything else in our lives, that the people who use more will pay more and the people who use less will pay less.”

Shares rose 51 cents to $75.82 in morning trading Thursday.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Time Warner Cable (NYSE: TWC ) 1Q profit beats estimates on high-speed data subscriber gains Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Time Warner Cable Inc.’s (NYSE: TWC ) first-quarter net income rose as more people signed up for high-speed Internet connections, which the company said Thursday April 28, 2011 is becoming the most important service for consumers.

The New York-based company added 177,000 residential Internet customers — more than the 159,000 expected — ending the quarter with 9.6 million. Chief Executive Glenn Britt said the total number, including 346,000 business customers, surpassed 10 million after the quarter ended.

“High-speed data is quickly becoming the anchor product in the eyes of our customers,” Britt told analysts.

The company lost 66,000 residential video subscribers, in line with forecasts. Combined with business customers, it ended with 12.3 million video subscribers.

Net income rose 52 per cent to $325 million, or 93 cents per share. Excluding one-time items, adjusted earnings came to $1.01 per share, beating the 97 cents per share expected by analysts polled by FactSet.

Revenue rose 5 per cent to $4.83 billion, also surpassing expectations for revenue of $4.79 billion.

The company said a mix of higher prices and customers buying higher-end products helped average revenue per user. Average video revenue rose 5 per cent to $74.57 per customer, data revenue rose 6 per cent to $44.68 and voice revenue rose 2 per cent to $39.32.

Britt said that new technology was allowing it to improve the experience of video subscribers — evidenced by the launch of its iPad application.

But he said the greater use of data by some could eventually lead to usage-based pricing, reiterating comments the company made earlier.

“Clearly, the volume of activity on the Internet is growing really fast,” he said. “To keep up with that there’s going to be more and more investment required. It’ll be natural, like everything else in our lives, that the people who use more will pay more and the people who use less will pay less.”

Shares rose 51 cents to $75.82 in morning trading Thursday.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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