Time Warner Cable (TWC) Gains Despite Profit Falling Short of Estimates

Time Warner Cable (NYSE: TWC) shares gained 1.1% to $191.42. The company missed Street estimates with a second-quarter profit of $463 million, or $1.62 a share, compared with average analysts’ estimates of $1.80. Excluding items, earnings were $1.54. The cable company did report a growth in subscribers. Share volume was 47,000, compared to an all-day average of 528,000