Cablevision Systems Corporation (CVC) Touches 52-week High after Q3 Results

Cablevision Systems Corporation (NYSE: CVC) shares climbed after the company announced its third-quarter financial results. The stock ended the day 2.60% higher at $28.36, on above average volume of 5.35 million. The stock touched a 52-week high of $28.78. It has a 52-week range of $21.53-$28.78. Today, the company announced its third quarter results, with revenues at $1.808 billion, a 5.6% increase as compared to previous year. This improvement is reflected from its solid revenue growth in Telecommunications services and Rainbow, offset slightly by a decline at Newsday. This quarter reported average monthly revenue per basic video customer of $149.04. The cable advertising revenue grew 30.2% in the third quarter of 2010, compared to the prior year period. Cablevision operates through its subsidiary including CSC Holdings, a cable operators in the United States based on the number of basic video subscribers. It also operates cable programming networks, entertainment businesses, telecommunications companies and a newspaper publishing business. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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