Time Warner Swings to Quarterly Profit of $322 Million (TWC)

1/28/2010-Time Warner Cable (NYSE:TWC) reported Q4 EPS of $0.91, topping consensus estimates of $0.88.

Revenues in the quarter rose 3% year-over-year to $4.53 billion, inline with consensus estimates.

Time Warner Cable Chief Executive Officer Glenn Britt said: "We enter 2010 with a strong business and a strong balance sheet, and we are very pleased to demonstrate confidence in our free cash flow by initiating a meaningful quarterly dividend. In the year ahead, we are excited about the investments we are making to drive further growth, and we expect to execute with the same discipline our investors have come to expect. We are well positioned to meet the challenges and opportunities ahead."