(Reuters) – Time Warner Cable Inc (TWC.N), the second largest U.S. cable operator, posted higher quarterly revenue, helped by strong growth in its business services segment.
Net income attributable to the company rose to $ 401 million, or $ 1.34 per share, for the first-quarter, from $ 382 million, or $ 1.20 per share, a year earlier.
Revenue rose about 6.6 percent to $ 5.48 billion.
The IBM logo is seen outside the company’s offices in Petah Tikva, near Tel Aviv October 24, 2011.
Credit: Reuters/Nir Elias
(Reuters) – IBM Corp (IBM.N), the world’s largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.
International Business Machines Corp said on Thursday its quarterly non-GAAP income rose 3 percent to $ 3.4 billion, or $ 3.00, compared with analyst estimates of $ 3.05 a share, according to Thomson Reuters I/B/E/S.
(Reporting By Nicola Leske. Editing by Andre Grenon)
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The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles November 17, 2011.
Credit: Reuters/Fred Prouser
(Reuters) – Bank of America Corp’s first-quarter profit quadrupled as expenses fell and it set aside less money to cover bad loans.
Net income rose to $ 2.62 billion, or 20 cents per share, from $ 653 million, or 3 cents per share, in the year-earlier quarter, when earnings were affected by a host of one-time items including a $ 4.8 billion charge related to the value of its debt.
(Reporting By Rick Rothacker in Charlotte, North Carolina and Tanya Agrawal in Bangalore; Editing by Supriya Kurane)
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