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Stock Market & Financial Investment News

News Breaks
February 5, 2013
13:37 EDTTWXEarnings 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%.
News For TWX From The Last 14 Days
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April 23, 2014
16:57 EDTTWXOn The Fly: Closing Wrap
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12:51 EDTTWXOn The Fly: Midday Wrap
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12:36 EDTTWXNetflix slides after Amazon signs content deal with HBO
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12:09 EDTTWXAmazon deal with HBO helps Prime catch up with Netflix, says Cantor
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09:01 EDTTWXAmazon, HBO sign multi-year deal to bring HBO programming to Prime members
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April 22, 2014
18:30 EDTTWXDISH to launch internet-TV service this summer, Bloomberg says
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18:01 EDTTWXDISH aims for late Summer to roll-out U.S. Internet TV service, Bloomberg says
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10:37 EDTTWXTime Warner says Joseph Ripp will become chairman of Time Inc
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07:25 EDTTWXNatural E Creative Group to hold a summit
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07:18 EDTTWXTime Inc CEO to serve as chairman of company, NY Post reports
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April 21, 2014
06:35 EDTTWX'Captain America' ranks first for third straight weekend, Bloomberg says
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April 16, 2014
06:58 EDTTWXFormer Sony chairman to take place on Time Inc's board, NY Post says
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