Time Warner Cable profit rises 30 percent

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Time Warner Cable first quarter profit rose by 30 percent as it added more Internet, phone and digital cable TV customers.

The nation's second largest cable company earned $214 million, or 60 cents for each share, in the quarter. That compares with a profit of $164 million, or 48 each share, in the same quarter a year earlier..

Their revenue rose more than 5 percent to $4.6 billion from $4.36 billion.

The cable company's earnings fell below the 74 cents each share expected by analysts surveyed by Thomson Reuters. But revenue exceeded their average forecast of $4.56 billion.