Time Warner Inc (TWX) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $1.29. The company posted revenue of $7308.00 million in the period, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Many Wall Street Analysts have commented on Time Warner Inc. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 91 from a previous price target of $89 .
Time Warner Inc opened for trading at $74.86 and hit $75.6 on the upside on Monday, eventually ending the session at $75.32, with a gain of 0.24% or 0.18 points. The heightened volatility saw the trading volume jump to 47,62,222 shares. Company has a market cap of $59,514 M.
In a different news, on Feb 19, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 241,939 shares at $64.32 per share price. According to the SEC, on Oct 29, 2015, Jessica P Einhorn (director) sold 21,250 shares at $75.00 per share price. On Mar 19, 2015, Carol A Melton (Executive Vice President) sold 12,088 shares at $85.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.