NEW YORK (Reuters) - Time Warner Cable Inc (TWC) posted a third quarter profit that beat expectations, as growth in sales of voice and Internet services overshadowed a decline in basic video subscribers, the company said on Thursday.
Net income fell to $268 million, or 76 cents a share, from $301 million, or 92 cent a share, a year earlier.
The profit narrowly beats analysts average expectations of 75 cents a share, according to Thomson Reuters I/B/E/S.
Revenue rose 4 percent to $4.5 billion.
Time Warner Cable said total video subscribers in the third quarter declined by 84,000. However, revenue from its high speed Internet users rose 8 percent, while revenue from customers who pay for its phone service rose 14 percent.
(Reporting by Franklin Paul; Editing by Derek Caney)
