Time Warner Inc. on Wednesday reported adjusted fourth-quarter earnings that topped Wall Street expectations, and raised its quarterly dividend.
The New York-based company said it had net income of $718 million, or 84 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 98 cents per share.
The adjusted earnings beat analysts' expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The owner of TV channels like HBO and TBS as well as Warner Bros. studios posted revenue of $7.53 billion in the period, which fell short of Street forecasts. Analysts expected $7.54 billion, according to Zacks.
For the year, the company reported profit of $3.83 billion, or $4.34 per share. Revenue was reported as $27.36 billion.
Time Warner expects full-year adjusted earnings in the range of $4.60 to $4.70 per share. Analysts, on average, are expecting $4.66, according to a survey by FactSet.
The company also raised its regular quarterly dividend by 10 percent to 35 cents.
Its shares rose 47 cents to $81.28 in morning trading Wednesday.
Time Warner shares have decreased slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has risen 26 percent in the last 12 months.
Copyright © 2015, Los Angeles TimesAnda sedang membaca artikel tentang
Time Warner beats profit forecasts, misses on revenue
Dengan url
http://sehatumbuah.blogspot.com/2015/02/time-warner-beats-profit-forecasts.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Time Warner beats profit forecasts, misses on revenue
namun jangan lupa untuk meletakkan link
Time Warner beats profit forecasts, misses on revenue
sebagai sumbernya
0 komentar:
Posting Komentar