Time Warner: beats consensus in Q3.
(CercleFinance.com) - In the process of being bought out by AT&T, this Thursday Time Warner unveiled its Q3 accounts.
These were marked by a 16-cent year-on-year fall in EPS to 1.73 dollar. Excluding extraordinary items, the media and entertainment conglomerate's EPS still reached 1.82 dollar, much higher than the consensus of 1.59 dollar.
Revenue also exceeded the market's expectations of 7.6 billion dollars, up from 7.17 billion dollars in Q3 and 7.41 billion dollars forecast by the consensus.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
These were marked by a 16-cent year-on-year fall in EPS to 1.73 dollar. Excluding extraordinary items, the media and entertainment conglomerate's EPS still reached 1.82 dollar, much higher than the consensus of 1.59 dollar.
Revenue also exceeded the market's expectations of 7.6 billion dollars, up from 7.17 billion dollars in Q3 and 7.41 billion dollars forecast by the consensus.
Copyright (c) 2017 CercleFinance.com. All rights reserved.