The nation's second largest cable service provider, which is in the midst of seeking approval to merge with Comcast, lost 34,000 video customers during the quarter, narrowing from larger losses in the previous quarters but underscoring the challenges it sees in "cord-cutters" who flock to online streaming. But the company also reported 269,000 new customers in the broadband Internet unit.
Diluted earnings per share of $1.70 for the quarter beat analysts' estimates by a penny.
Quarterly revenue jumped 2% to $5.6 billion.
Shares of Time Warner Cable rose 0.72% to $140.88.
Its business of providing cable TV, Internet and phone to residential homes suffered losses as TV customers -- still the single largest source of revenue -- continue to flee. Residential-services revenue fell 0.9% to $4.56 billion. The decline was offset by a gain in average revenue per Internet subscriber brought on by increases in prices and equipment rental charges.
Best India Companies To Watch In Right Now: YRC Worldwide Inc.(YRCW)
YRC Worldwide Inc., through its subsidiaries, provides various transportation services worldwide. The company?s YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products. It serves manufacturing, wholesale, retail, and government customers. As of December 31, 2009, it had 11704 owned tractors, 1239 leased tractors, 50083 owned trailers, and 3244 leased trailers. Its YRC Regional Transportation unit?s service portfolio includes regional delivery, which comprises next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and various specialized offerings; expedited delivery, that comprises day-definite, hour-definite, and time definite capabilities; inter-regional delivery; cross-border delivery; and operation of my.yrcregional.com and NewPenn.com, which are e-commerce Websites offering online resources to manage transportation activity. The company?s YRC Logistics units? service portfolio consists of distribution services that include flow through and pool distribution, dedicated warehousing, and value-added services; global services, which comprise international freight forwarding, customs brokerage, and value-added services; and transportation services, such as truckload brokerage, domestic freight forwarding, and transportation management. Its YRC Truckload unit provides customized truckload services on regional and national level through the use of company and team-based drivers. The company was founded in 1924 and is headquartered in Overland Park, Kansas.
Advisors' Opinion:- [By Sean Williams]
Costs have been another big concern for YRC Worldwide (NASDAQ: YRCW ) which has been unprofitable on an annual basis since 2006. Rather than go bankrupt, YRC diluted shareholders into oblivion, ultimately saving it from Chapter 11 but destroying nearly all shareholder value. In order to cut down on its own expenses, YRC has considered merging with Arkansas Best.
- [By Wallace Witkowski]
Shares of trucking company YRC Worldwide Inc. (YRCW) �dropped more than 15% to $13.30 on moderate volume after the Teamsters union had rejected a company contract extension.
- [By Sean Williams]
Raise the yellow caution flag
In spite of trucking company YRC Worldwide's (NASDAQ: YRCW ) share price doubling last week following the company's first quarterly profit in six years (that's right...�six years), shares are still down a mind-boggling 99.9928% over the past decade. Somehow avoiding bankruptcy a few years back by diluting existing shareholders into oblivion, YRC has investors now thinking the company may be on the mend. However, its history makes me�believe otherwise.
Top 5 Penny Stocks To Own For 2014: Sterlite Industries(India)
Sterlite Industries (India) Limited operates as a non-ferrous metals and mining company in India and internationally. It engages in the smelting and processing of copper and production of copper byproducts. The company?s primary products consist of copper cathode and continuos cast rods, as well as by products comprise sulphuric acid, phosphoric acid, hydrofluoro silicic acid, gypsum, ferro sand, and slime. It also owns the Mt. Lyell copper mine at Tasmania in Australia, as well as owns various zinc assets, including Skorpion Zinc in Namibia; Black Mountain Mines in South Africa; and Lisheen Mines in Ireland. In addition, the company produces aluminum from its bauxite mines. Its aluminum products include aluminum ingots and wire rods; rolled products, such as coils and sheets; and vanadium sludge as a by-product. Further, the company smelts and produces lead and zinc, as well as produces and sells sulphuric acid to fertilizer manufacturers and other industries; and silver ingots primarily to industrial users. It operates three lead-zinc mines in the state of Rajasthan, northwest India. Additionally, it involves in power generations business. As of March 31, 2011, the company had a power generation capacity of 1,041 MW from its thermal power plants and wind power plants. The company was formerly known as Sterlite Cables Limited and changed its name to Sterlite Industries (India) Limited in 1986.The company was incorporated 1975 and is based in Mumbai, India. Sterlite Industries (India) Limited is a subsidiary of Vedanta Resources plc.
Advisors' Opinion:- [By Rajhkumar K Shaaw]
BNP Paribas Securities (Asia) Ltd., Macquarie Capital Securities (India) Pvt. and Ambit Capital Pvt. cut their Sensex targets as the Reserve Bank of India unexpectedly increased its benchmark interest rate to stem a record decline in the rupee and curb consumer prices in the world�� second-most populous nation. Strategists reduced their average profit estimate by 4.5 percent as higher borrowing costs threaten to worsen the slowest economic expansion since 2009.
Top 5 Penny Stocks To Own For 2014: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Advisors' Opinion:- [By Bryan Murphy]
September is on pace to be a banner month for shipping stocks FreeSeas Inc. (NASDAQ:FREE), DryShips Inc. (NASDAQ:DRYS), and Eagle Bulk Shipping Inc. (NASDAQ:EGLE). They're up 290%, 62%, and 115%, respectively, month-to-date, overcoming an amazingly long dry spell. The question is, why have EGLE, FREE, and DRYS been so strong all of a sudden, and more than that, are these rallies built to last?
- [By John Del, Vecchio,]
Shape up or ship out
The two companies above have done a relatively great job at staying proactive during a troubled time, and Eagle Bulk Shipping (NASDAQ: EGLE ) is doing its best to follow suit. After putting up very strong earnings last quarter, reporting $72.2 million net revenue, compared with $52.6 million for the same quarter last year, Eagle looks to be on the right track.
Top 5 Penny Stocks To Own For 2014: Archer-Daniels-Midland Company(ADM)
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment engages in originating, merchandising, crushing, and processing oilseeds, such as soybeans, cottonseed, sunflower seeds, canola, rapeseed, peanuts, flaxseed, and palm into vegetable oils and protein meals. This segment also produces edible soy protein products, including soy flour, soy grits, soy protein concentrates, soy isoflavones, and soy isolates that are used in processed meats, baked foods, nutritional products, snacks, and dairy and meat analogs. The Corn Processing segment involves in corn wet milling and dry milling activities; and produces alcohol, amino acids, and other specialty food and animal feed ingredients, as well as ethyl alcohol. This segment also produces citr ic and lactic acids, lactates, sorbitol, xanthan gum, and glycols that are used in various food and industrial products, as well as astaxanthin, a product used in aquaculture to enhance flesh coloration. The Agricultural Services segment buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities as food and feed ingredients for the agricultural processing industry. This segment also processes and distributes edible beans, formula feeds, and animal health and nutrition products. In addition, the company engages in milling wheat, corn, and milo into flour, as well as produces bakery products and mixes, wheat starch, gluten, and cocoa products that are sold to the baking industry; and involves in financial activities related to private equity fund investments, and futures commission merchant activities. Archer Daniels Midland Company was founded in 1898 and is based in Decatur, Illinois.
Advisors' Opinion:- [By Ari Charney]
Following the Australian government’s recent rejection of Archer Daniels Midland Co’s (NYSE: ADM) AUD3.2 billion bid to acquire GrainCorp Ltd (ASX: GNC, OTC: GRCLF), we noted that some skeptics were wondering whether Australia is still open for business, as the country’s new Prime Minister Tony Abbott boldly proclaimed on election night back in early September.
- [By Dividends4Life]
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- More Stock Analysis - [By Ari Charney]
The Australian government’s recent rejection of Archer Daniels Midland Co’s (NYSE: ADM) AUD3.2 billion bid to acquire GrainCorp Ltd (ASX: GNC, OTC: GRCLF) has left some skeptics wondering whether Australia truly is open for business again, as Prime Minister Tony Abbott declared upon prevailing in the country’s recent federal election.
- [By Justin Loiseau]
Agricultural and food processing company Archer Daniels Midland (NYSE: ADM ) released a brief statement today confirming the potential sale of its cocoa business.
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