Needham & Company Maintains a 'Hold' on Time Warner (TWX); 2Q11 Earnings Preview
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Price: $2.23 --0%
Rating Summary:
14 Buy, 24 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 24 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Time Warner (NYSE: TWX).
Needham analyst says, "We expect 2Q11 revenue to be up 6% y/y to $6.757B (no change). We are lowering our profitability estimates slightly to reflect higher expenses in the quarter in both the Filmed Entertainment and Cable Networks segments. As a result, we are lowering our EPS estimates to $0.55 (from $0.60) for 2Q11...We anticipate a solid 2H11 for TWX owing to the release of the final installment of the Harry Potter film series in mid-July as well as the sequel to Sherlock Holmes and therefore we are maintaining our FY2011 EPS estimate of $2.76."
For more ratings news on Time Warner click here and for the rating history of Time Warner click here.
Shares of Time Warner closed at $37.06 yesterday.
Needham analyst says, "We expect 2Q11 revenue to be up 6% y/y to $6.757B (no change). We are lowering our profitability estimates slightly to reflect higher expenses in the quarter in both the Filmed Entertainment and Cable Networks segments. As a result, we are lowering our EPS estimates to $0.55 (from $0.60) for 2Q11...We anticipate a solid 2H11 for TWX owing to the release of the final installment of the Harry Potter film series in mid-July as well as the sequel to Sherlock Holmes and therefore we are maintaining our FY2011 EPS estimate of $2.76."
For more ratings news on Time Warner click here and for the rating history of Time Warner click here.
Shares of Time Warner closed at $37.06 yesterday.
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