Time Warner (TWX) Tops Q3 EPS by 8c; Ups Guidance
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Time Warner (NYSE: TWX) reports Q3 earnings of $0.61 per share, 8 cents better than the consensus of $0.53. Revenues fell 6% to $7.13 billion, versus the consensus of $7.08 billion.
Time Warner sees FY09 EPS of $2.05 versus prior guidance of $1.98 and the consensus of $2.03. The Company expects 2009 full-year Content Group Adjusted EPS to be at least $1.75, compared to Content Group Adjusted EPS of $1.42 in 2008.
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