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Cable TV and Internet provider Cablevision Systems Corporation ( CVC ) on Thursday said its first quarter earnings fell significantly from last year, but results still topped Wall Street's expectations.

The Bethpage, NY-based company reported first quarter net income of $57.25 million, or 21 cents per share, compared with $104.07 million, or 36 cents per share, in the year-ago period.

Revenue was mostly flat from last year at $1.659 billion.

On average, Wall Street analysts expected a smaller profit of 19 cents per share, albeit on higher revenue of $1.67 billion.

Cablevision shares fell 70 cents, or -4.7%, in premarket trading Thursday.

The Bottom Line
Shares of Cablevision Systems ( CVC ) have a 4.08% dividend yield, based on last night's closing stock price of $14.70. The stock has technical support in the $12-$13 price area. If the shares can firm up, we see overhead resistance around the $15-$18 price levels.

Cablevision Systems Corporation ( CVC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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