Research (J&T BANKA)
World markets  |  November 08, 2012 09:03:29

Time Warner Results were mixed for 3Q12


U.S. media group Time Warner yesterday announced mixed results for 3Q12: Revenues were USD 6.84 billion, slightly below estimates of 6.91 billion, however, adjusted net earnings per share were $ 0.86, above estimates of $ 0.82. Sales increased in the segment of cable television, they fell in film production and publications. The company reiterated that this year's net income per share is expected to increase from last year's single-digit rate of $ 2.89.

Time Warner is currently the main shareholder of CME media group controlling among other domestic CETV.

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