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Top Stock News - (NYSE:CVC) Beat Estimates, Shares Up
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Cablevision Systems Corporation (NYSE:CVC) surged 3.50% to $24.05 after it said Tuesday that third-quarter profit more than tripled on improved results at its cable television systems and networks. The company said net income was $98.9 million, or 33 cents a share, compared with a profit of $30.9 million, or 10 cents a share, in the same quarter a year ago. Revenue rose to $1.84 billion from $1.75 billion. Analysts were expecting a profit of 26 cents a share on sales of $1.82 billion, according to a poll taken by Thomson Reuters.
Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, Inc. (CSC Holdings), is a cable operator in the
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