Cable Operator Cablevision Beats Estimates

New subscriber additions boosted Q2 profits for Cablevision Systems Corporation (NYSE:CVC) and beat analyst estimates.

Net earnings came in at $63.5 million (24 cents a share), compared to $87.8 million (32 cents a share) in the year ago period. Expectations by analysts were in the region of 19 cents on average. However, last year, spun-off unit AMC Networks Inc (NASDAQ:AMCX) contributed $18.6 million to profits, or 6 cents per share.

Revenues were $1.7 billion, in line with street expectations, while average revenue per user climbed 1.7 percent to $155.12. The company added 25,000 new Internet customers and 23,000 voice subscribers...