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Short Take: Cablevision reports better-than-estimated first quarter loss

Cablevision posted a first quarter net loss of $238.6 million, or $1.57 a share, compared with a net loss of $27.2 million, or 23 cents for the same period last year. Financial analysts expected a loss of $1.77 a share, according to First Call. Quarterly revenue for the period ended March 31 increased to $933.7 million from $675.7 million a year ago. Executives said the company had strong growth in its cable, commercial telephone, and national programming businesses.

Cablevision posted a first quarter net loss of $238.6 million, or $1.57 a share, compared with a net loss of $27.2 million, or 23 cents for the same period last year. Financial analysts expected a loss of $1.77 a share, according to First Call. Quarterly revenue for the period ended March 31 increased to $933.7 million from $675.7 million a year ago. Executives said the company had strong growth in its cable, commercial telephone, and national programming businesses.