Time Warner Cable (NYSE:TWC) had its revenue and EPS estimates raised by Needham, citing a larger share repurchase than expected, as well as lower expenses.
Needham says, "(For Q4) We are raising our revenue estimate for FY2011 by 0.1% to $19.502B and EPS by $0.18 to $4.45 to reflect a larger share repurchases than previously projected. We are also lowering our expense estimates to reflect trends in 3Q10 that we expect to continue in FY11E."
Needham & Company reiterates a "Buy" rating on Time Warner Cable (TWC), which closed Tuesday at $67.90, up $0.20, or 0.30 percent. Needham raised their price target on Time Warner Cable from $65 to $80.
Wednesday, January 26, 2011
Time Warner Cable (NYSE:TWC) Rev, EPS Estimates Raised on Increased Share Repurchase
Labels:
EPS,
Needham,
Time Warner Cable
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