Time Warner (TWX) Tops Q3 EPS by 46c; Raises Outlook
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Time Warner Inc. Increases 2016 Full-Year Business Outlook
November 2, 2016 7:05 AM EDTNEW YORK--(BUSINESS WIRE)-- Time Warner Inc. (NYSE: TWX) today 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.
The outlook for 2016 Adjusted EPS does not include the impact of any future merger or unplanned... More
Time Warner Inc. Reports Third-Quarter 2016 Results
November 2, 2016 7:01 AM EDTThird-Quarter Highlights
Revenues increased 9% to $7.2 billion Operating Income grew 10% to $2.0 billion and Adjusted Operating Income grew 12% to $2.1 billion EPS grew 48% to $1.87 and Adjusted EPS grew 46% to $1.83 Cash Provided by Operations from Continuing Operations and Free Cash Flow totaled $3.5 billion and $3.3 billion, respectively, year-to-date, up 18% and 15%, respectively Repurchased 31 million shares for $2.3 billion year-to-date through October 21, 2016NEW YORK--(BUSINESS WIRE)-- Time Warner Inc. (NYSE: TWX) today... More
