the republic logo

Time Warner tops 3Q profit and revenue expectations


NEW YORK — Time Warner Inc. (TWX) on Wednesday reported third-quarter profit of $1.03 billion.

The New York-based company said it had net income of $1.26 per share. Earnings, adjusted for non-recurring gains, were $1.25 per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The owner of TV channels like HBO and TBS as well as Warner Bros. studios posted revenue of $6.56 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $6.5 billion.

Time Warner expects full-year earnings in the range of $4.60 to $4.70 per share.

Time Warner shares have declined 9.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2.5 percent. The stock has dropped nearly 2 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TWX at


Keywords: Time Warner, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.