logo
  Join        Login             Stock Quote

Time Warner (TWX) Q4 Earnings Jump 51 Pct, Top Estimates; Lifts Div

 February 06, 2013 07:50 AM
 


(By Balaseshan) Time Warner Inc. (NYSE: TWX) reported a 51.1 percent jump in fourth-quarter earnings due to growth at the Networks and Film and TV Entertainment segments. Despite revenue missing consensus, adjusted earnings exceeded Street's expectations.

On an adjusted basis, earnings per share (EPS) rose to $1.17 from $0.94 in the same period last year and also beat Wall Street expectations of $1.10. Net Income attributable to Time Warner jumped 51.1 percent to $1.17 billion.

Revenue marginally declined 0.4 percent to $8.164 billion as growth at the Networks segment was offset by declines at the Film and TV Entertainment and Publishing segments. Analysts expected revenue of $8.25 billion.

[Related -Harmonic Inc (HLIT): Profit From The Rise Of Mobile Video With This Stock]

Revenue from Networks (Turner Broadcasting and HBO) increased 5%, including increases in Subscription revenues and Advertising revenues, partially offset by a decrease of in Content revenues.

Film and TV Entertainment (Warner Bros.) revenues decreased 4%, due mainly to difficult comparisons to the year ago period. Publishing (Time Inc.) revenue declined 7%, reflecting decreases in Advertising revenues, and Other revenues, while Subscription revenues were flat.

Looking ahead for the fiscal 2013, the company expects adjusted EPS growth to be in the low double digits off an adjusted EPS base of $3.28 in 2012, while Street predicts 13.7 percent growth. The outlook reflects the impact of about $60 million in restructuring charges that the company anticipates incurring in 2013 at Time Inc.

[Related -Will The Dividend And Buyback Frenzy Continue?]

The company said its board of directors has raised quarterly dividend by 11 percent to $0.2875 per share, payable in cash on March 15 to stockholders of record on February 28. On an annual basis, Time Warner's regular dividend will grow from $1.04 to $1.15 per share.

TWX ended Tuesday's regular trading session down 0.95 percent at $49.96. The stock has been trading in the 52-week range between $33.62 and $51.29.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageInitial Jobless Claims Rose Unexpectedly

Claims unexpectedly rose in the latest report through last weekend to breach 300,000 for the first time read on...

article imageAll Quiet on the Record High Front

What can we glean from the media’s lack of attention to the market’s recent record read on...

article imageThe Chip Maker Short Sellers Should Be Watching

Investing in semiconductor stocks is always tricky. Industry cycles can lead to bumps in the road for the read on...

article imageChicago Fed: US Economic Growth Slowed In October

The pace of US growth slowed more than expected in October, according to this morning’s update of the read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.