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Time Warner tops Street 3Q forecasts

NEW YORK (AP) — Time Warner Inc. (TWX) on Wednesday reported third-quarter distinction of $967 million.

On a per-share basis, a New York-based association pronounced it had distinction of $1.11. Earnings, practiced for one-time gains and costs, were 97 cents per share.

The formula surpassed Wall Street expectations. The normal guess of analysts surveyed by Zacks Investment Research was for gain of 94 cents per share.

The owners of TV channels like HBO and TBS as good as Warner Bros. studios posted income of $6.24 billion in a period, that also kick Street forecasts. Analysts approaching $6.13 billion, according to Zacks.

Time Warner shares have climbed 7.5 percent given a commencement of a year, while a Standard Poor’s 500 index has increasing roughly 9 percent. The batch has increasing 9 percent in a final 12 months.

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Elements of this story was generated by Automated Insights regulating information from Zacks Investment Research. TWX batch investigate news from Zacks.

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Keywords:Time Warner,Earnings Report

Article source: http://www.businessweek.com/ap/2014-11-05/time-warner-tops-street-3q-forecasts

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