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Time Warner (TWX) Tops Q1 EPS by 11c

April 29, 2015 7:00 AM EDT

(Updated - April 29, 2015 7:03 AM EDT)

Time Warner (NYSE: TWX) reported Q1 EPS of $1.19, $0.11 better than the analyst estimate of $1.08. Revenue for the quarter came in at $7.1 billion, versus the consensus estimate of $6.96 billion.

Time Warner reaffirmed its 2015 full-year business outlook. The Company continues to expect its 2015 full-year Adjusted Diluted Income per Common Share from Continuing Operations (Adjusted EPS) to be in the range of $4.60 to $4.70.

Chairman and Chief Executive Officer Jeff Bewkes said: We got off to a very strong start in 2015, with Revenues up 5%, and Adjusted Operating Income growing 12% to a... More