EPS was 1:29 dollars. Expected, according to Bloomberg News to earnings per share of 1:16 dollars.
“We have had a strong first half, which means we are ahead of the targets we have set for the year,” writes CEO Jeff Beweks in the report, referring among other things to the success of the subsidiaries’ TV series and movies.
Time Warner included a number of well-known companies in the entertainment, such as HBO, TNT and Warner Bros.
Time Warner adjusts its forecast for earnings per share to 5: 35-5: 45 dollars, from the previous 5: 30-5: 40 dollars.
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