Fox or No, Time Warner Records Healthy Profits, Sales Growth Alone

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Fox or No, Time Warner Records Healthy Profits, Sales Growth Alone

by TheStreet 1:07 mins

Fox or No, Time Warner Records Healthy Profits, Sales Growth Alone

by TheStreet 1:07 mins

News that former suitor 21st Century Fox had abandoned its $80 billion bid has overshadowed a solid earnings report from Time Warner. Over the quarter, the first since the June spin-off of its Time Inc publishing business, the company reported earnings of 98 cents a share, 14 cents a share higher than estimates. On the topline, sales grew 3% to $6.8 billion. Over its full year ending December, Time Warner executives reaffirm earnings percentage growth in the low teens, comparable to analysts’ estimates of $3.99 a share, a 13% year-over-year increase. Time Warner enjoyed growth in its HBO and home entertainment divisions over the quarter.

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