Time Warner Inc. Reports Third-Quarter 2016 Results
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Time Warner (TWX) Boosts FY16 EPS Outlook
November 2, 2016 7:10 AM EDTTime Warner Inc. (NYSE: TWX) increased its 2016 full-year business outlook. The Company now expects its 2016 full-year Adjusted Diluted Income per Common Share from Continuing Operations (Adjusted EPS) to be in the range of $5.73 to $5.83. This outlook includes a $0.28 net tax benefit recognized in the third quarter of 2016 related to an Internal Revenue Service-approved tax accounting method change. Absent that benefit, the outlook for 2016 Adjusted EPS would be $5.45-$5.55.
(*** NOTE: The Street sees FY16 EPS of $5.43.)
The outlook for 2016 Adjusted EPS does not include the impact of any... More
Time Warner (TWX) Tops Q3 EPS by 46c; Raises Outlook
November 2, 2016 7:10 AM EDTTime Warner (NYSE: TWX) reported Q3 EPS of $1.83, $0.46 better than the analyst estimate of $1.37. Revenue for the quarter came in at $7.2 billion versus the consensus estimate of $6.98 billion.
GUIDANCE:
Time Warner sees FY2016 EPS of $5.45-$5.55, versus the consensus of $5.43.
Chairman and Chief Executive Officer Jeff Bewkes said: We had a strong third quarter, which keeps us on... More
