Research (J&T BANKA)
World markets  |  February 07, 2013 09:39:32

Time Warner profit in 4Q12 exceeded market expectations

Results for 4Q12 produce slightly weaker sales than expected, but adjusted earnings per share of $ 1.17 was above expectations of $ 1.10. The Company succeeded in pay television stations and sales rose slightly in the segment of television advertising, has seen a decline in the publishing division of Time Inc.. Time Warner announced a dividend increase of 11% and a share buyback of $ 4 billion. The company expects this year's growth in earnings per share low double-digit pace.
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