Leading U.S. cable MSO (multi service operator), Time Warner Cable Inc. TWC, primarily offers three services – video, high-speed data and voice over its broadband cable systems to both residential and business customers.The Business Services segment remains a major growth driver for the company. Moreover, Time Warner Cable’s ARPU continues to improve on the back of the launch of innovative services and the success of the TWC TV App. In addition, continuous dividend payment and implementation of growth strategies are likely to serve as tailwinds for the company in the coming quarters.However, stiff competition from low-cost online video streaming service providers and telecom operators, mounting programming expenses and a highly leveraged balance sheet may continue to impede growth.Charter Communications Inc. and Time Warner Cable recently announced that the shareholders of both the companies have approved all proposals associated with their merger. However, the merger is still pending necessary approval from the Federal Communications Commission (FCC) till date. The alliance, if successful, will benefit the company in terms of geographic expansion and operating cost synergies, which will in turn boost its bottom line and free cash flow. Moreover, Time Warner Cable will be able to offer enhanced services and more video streaming product options to compete with OTT service providers.Time Warner Cable currently carries a Zacks Rank #4 (Sell). The company has generated a negative average earnings surprise of 5.52% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: Time Warner Cable outpaced first-quarter 2016 adjusted earnings. Our consensus estimate called for EPS of $1.73, and the company reported adjusted EPS was $1.81. Investors should note that these figures take out stock option expenses.Revenue: Time Warner Cable generated total revenue of $6,191 million, above the Zacks Consensus Estimate of $6,119 million.Key Stats to Note: During the first quarter of 2016, residential high-speed data subscribers rose by 314,000 to 12.989 million. Voice subscribers grew 178,000 to 6.498 million.Check back later for our full write up on this Time Warner Cable earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TIME WARNER CAB (TWC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research