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News Breaks | | | | February 5, 2013 | | 13:37 EDT |  | TWX | Earnings Preview: Time Warner makes organizational changes ahead of Q4 report
Time Warner (TWX) is set to report Q4 earnings before the market opens on Wednesday, February 6, with a conference call scheduled for 10:30 am ET. Time Warner is a media and entertainment company that which owns HBO, CNN, Warner Bros., and Time Inc. among other media properties... EXPECTATIONS: Analysts are looking for EPS of $1.10 on revenue of $8.25B, according to First Call. The consensus range for EPS is $1.08-$1.12 on revenue of $7.94B-$8.89B... LAST QUARTER: Time Warner reported Q3 adjusted EPS of 86c against estimates for 82c on revenue of $6.8B on estimates for $6.9B. In its Q3 earnings release, Time Warner reaffirmed its FY12 business outlook, saying it expects full-year low double-digit EPS percentage growth off an FY11 adjusted EPS base of $2.89, with current consensus estimates for FY12 EPS at $3.21. In November, Time Warner named former NBC (CMCSA) Universal CEO Jeff Zucker president of CNN. In January, the Warner Bros. Television Group signed a licensing agreement with Netflix (NFLX) giving Netflix the rights to eight Time Warner shows. Late last month, Kevin Tsujihara was named CEO of Warner Bros., and Time Inc., which publishes Time magazine, laid off about 500 employees, or 6% of its staff... STREET RESEARCH: Street research has been muted on Time Warner this quarter, with Goldman upgrading its U.S. Media sector to Attractive from Neutral on January 22. A number of firms also upgraded their price targets on Time Warner, including Stifel Nicolaus to $56 from $51, and Lazard to $56 from $54, respectfully. Both firms kept Buy ratings on the company... PRICE ACTION: Shares of Time Warner have gained more than 16% since its Q3 earnings report. In afternoon trading ahead of tomorrow's Q4 earnings report, shares of Time Warner are trading down almost 0.5%. | |
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News For TWX From The Last 14 Days Check below for free stories on TWX the last two weeks. |
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| May 16, 2013 | | 09:09 EDT |  | TWX | CC Media, CW announce broadcast agreement for iHeartRadio events
 Subscribe for More Information | | | May 15, 2013 | | 17:47 EDT |  | TWX | Warner Bros. TV executive Rosenblum to leave, WSJ reports
Subscribe for More Information | | | 11:45 EDT | | TWX | Time Warner to stream TBS, TNT online, The Verge reports
Subscribe for More Information | | | 06:35 EDT | | TWX | Warner Music receives EU approval for Parlophone acquisition, Reuters says
Subscribe for More Information | | | May 14, 2013 | | 10:01 EDT |  | TWX | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 07:05 EDT | | TWX | Netflix continues to lead web usage in North America, AllThingsD reports
Subscribe for More Information | | | 06:27 EDT | | TWX | Time Warner initiated with a Market Perform at BMO Capital
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