Time Warner (TWX) Tops Q2 EPS by 14c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/16/2026

1. AMAT
2. GLOB
3. SPY
4. RDDT
5. HTFL
6. SNDK
7. WDAY
8. ADYEN:NA
9. DVLT
10. ADYYF

August 2, 2017 7:01 AM EDT

Time Warner (NYSE: TWX) reported Q2 EPS of $1.33, $0.14 better than the analyst estimate of $1.19. Revenue for the quarter came in at $7.3 billion versus the consensus estimate of $7.3 billion.

Time Warner Inc. (NYSE: TWX) today reaffirmed its 2017 full-year business outlook. The Company continues to expect its 2017 full-year Adjusted Operating Income to increase in the high single-digits, based on current foreign exchange rates.

TIME WARNER INC.RECONCILIATION OF GUIDANCE(Millions, Unaudited)

Year EndedDecember 31, 2016

Reconciliation of 2017 Guidance

Reconciliation of Adjusted Operating Income to Operating Income

Adjusted Operating Income

$

7,601

Growth expected to be in the high-single digit range.(1)

Asset impairments

(43

)

Unable to estimate beyond the ($2) million recognized for the period January 1, 2017 through June 30, 2017.(2)

Gains (losses) on operating assets, net

78

Unable to estimate beyond the $56 million recognized for the period January 1, 2017 through June 30, 2017.(2)

Costs related to the AT&T Merger

(42

)

Unable to estimate beyond the ($183) million recognized for the period January 1, 2017 through June 30, 2017 and the approximately ($145) million expected to be incurred for the period July 1, 2017 through December 31, 2017.(2)(3)

Other operating income items

(47

)

Unable to estimate beyond the ($11) million recognized for the period January 1, 2017 through June 30, 2017.(2)

Operating Income

$

7,547

Unable to estimate.(1)

(Updated with guidance)

For earnings history and earnings-related data on Time Warner (TWX) click here.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings