Needham & Company maintains a 'Hold' on Time Warner (TWX); Raising Estimates on Film/DVD Strength

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

Analyst, Laura Martin, said, "We are raising our 1Q12 revenue estimate to $6.733B (up 1% y/y and up 2% from our previous estimates), our Operating Income estimate to $1.28B (flat y/y and up 1% from our previous estimate) and our EPS from Operations estimate to $0.63 (up 9% y/y and up $0.01 from our previous estimate)...For FY12, we are maintaining our revenue estimate of $29.498B, up 2% y/y, and our Operating EPS estimate of $3.20, up 11% y/y."

Martin sees continued strong success in films/DVDs like Journey 2: The Mysterious Island, Project X, and Sherlock Holmes 2.

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 $36.03 yesterday.

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