Wednesday, May 4, 2016

Time Warner Q1 Profit Rises, Tops Estimates; Reaffirms 2016 Adj. EPS View

Time Warner Inc. (TWX) reported a profit for its first quarter ended March 31, 2016 that increased about 25 percent from the prior year. Revenues increased 3% and adjusted operating income grew 11% due to strong growth across all its operating divisions. It reaffirmed its 2016 adjusted earnings per share outlook.

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