Stocks/Earnings

Suddenlink Communications said Monday that it has priced a $750 million of 5.125% senior notes due 2021 to replace earlier issued debt.

According to Suddenlink, the new debt will be used to retire the remaining $712.6 million of outstanding 8.625% Senior Notes due 2017 and pay related fees and expenses.

Cablevision Systems continued to feel the impact of Superstorm Sandy in the first quarter, as repair costs for the October weather event put a dent in the Bethpage, N.Y. operator's results, helping to send adjusted operating cash flow down 27% in the period.

On a conference call with analysts, Cablevision CEO James Dolan said the company warned analysts that the company “expected to experience significant AOCF pressure in the first quarter, which is exactly what occurred.”

Profits grew by almost one-third at The Walt Disney Co. as its cable networks, including ESPN, turned in a strong performance.

Discovery Communications reported higher first-quarter earnings as international growth offset a decline in digital distribution revenue.

First-quarter net income rose 4% to $231 million, or 63 cents a share, from $221 million, or 57 cents a share.

DirecTV reported stronger than expected first quarter results Tuesday, driven by continued robust growth at its Latin American operations and a steady showing in the United States.

DirecTV added a total of 604,000 net new subscribers in the period, the bulk of that growth (583,000) occurring in Latin America. But analysts were also encouraged by steady growth in the U.S. – the 21,000 domestic net new additions were only slightly below consensus estimates of 25,000 additions, and revenue and cash flow growth soundly beat predictions.