Time Warner Inc. Increases 2016 Full-Year Business Outlook

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Time Warner (TWX) Tops Q3 EPS by 46c; Raises Outlook

November 2, 2016 7:10 AM EDT

Time 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