Cablevision Systems (CVC) Posts Q3 EPS of $0.08

Cablevision Systems (NYSE: CVC) reported Q3 EPS of $0.08, which may not compare with the analyst estimate of $0.23. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.64 billion.

Consolidated adjusted operating cash flow decreased 11.5% to $417.3 million and consolidated operating income decreased 27.5% to $183.1 million,

Cablevision CEO James L. Dolan said, “The third quarter was highlighted by the announcement of Cablevision’s sale to Altice for $34.90 per share - an acquisition that will deliver significant value for our shareholders. In the meantime, together with Altice we are moving full speed ahead to obtain the necessary regulatory approvals, while we remain focused on delivering superior products and outstanding service to our customers.”

For earnings history and earnings-related data on Cablevision Systems (CVC) click here.

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