Tags: Time Warner | Earnings | Revenue | Profit

Time Warner Reports 11.47 Percent Rise in Revenue

Image: Time Warner Reports 11.47 Percent Rise in Revenue

 (Getty/Andrew Burton)

Wednesday, 08 Feb 2017 07:41 AM

Time Warner Inc., which is in the process of being bought by AT&T Inc., reported an 11.47 rise in quarterly revenue, helped by the success of the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them."

The company's net income from continuing operations fell to $317 million, or 40 cents per share, in the fourth quarter ended Dec. 31 from $857 million, or $1.06 per share, a year earlier.

Excluding some items, the company earned $1.25 per share.

Revenue rose to $7.89 billion from $7.08 billion.

AT&T's proposed acquisition of Time Warner for $85.4 billion was opposed by U.S. President Donald Trump during his election campaign. However, AT&T said last month it was confident the would be approved. 

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Time Warner Inc., which is in the process of being bought by AT&T Inc., reported an 11.47 rise in quarterly revenue, helped by the success of the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them."
Time Warner, Earnings, Revenue, Profit
119
2017-41-08
Wednesday, 08 Feb 2017 07:41 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved