Needham & Company Maintains a 'Hold' on Time Warner (TWX); 4Q11 Earnings Preview

Needham & Company maintains a 'Hold' on Time Warner (NYSE: TWX).

Needham analyst says, "We are fine-tuning our 4Q11 total revenue estimate down 1% to $8.161B (up 4% y/y). Lower revenue reflects weaker results in Networks, partially as a result of reduced ad spending for NBA games until late in the quarter."

"We maintain our estimate for Operating Income of $1.663B (up 17% y/y)...Our 4Q11 Reported EPS estimate of $0.87 (up 29% y/y) remains unchanged. For FY2012, we are maintaining our revenue estimate of $29.646B, up 2% y/y, and our EPS estimate of $3.15, up 11% y/y."

For an analyst ratings summary and ratings history on Time Warner click here. For more ratings news on Time Warner click here.

Shares of Time Warner closed at $37.60 yesterday.

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