It's been a good couple of days for entertainment and cable companies.
Shares of DreamWorks Animation SKG Inc., CBS Corp. and Time Warner Cable Inc. rose Thursday after those companies reported strong quarterly earnings.
Less successful was the studio's most recent release, "Turbo," about a garden snail who wants to win the Indy 500. The company's executives said the film will ultimately turn a profit.
CBS' earnings climbed to $472 million, or 76 cents a share, compared to $427 million, or 65 cents a share, for the year-earlier period. Those numbers beats analysts' estimates of 72 cents a share. It was the company's biggest ever quarterly profit.
Wall Street analysts have been especially pleased with the performance of the TV thriller "Under the Dome," which has drawn unusually high ratings for a summer drama.
Time Warner Cable on Thursday reported second-quarter earnings that surpassed analyst estimates even as the company lost subscribers.
Comcast reported earnings before the market opened Wednesday. Its second-quarter profit rose 29% with the help of NBCUniversal $6 billion in revenue, the company said.