Time Warner Cable reported strong earnings for the latest quarter as growth in Internet and phone services offset a mediocre growth in its cable TV business.

The company said net income was $564 million, or $1.75 a share, in the last three months of 2011, a 44 percent increase from $392 million, or $1.09 a share, a year earlier.

Revenue rose 4 percent to $4.99 billion, from $4.8 billion a year earlier.

TWC lost 129,000 residential video customers during the quarter. Its shares rose $5.40 to $74.51.