Time Warner Inc. Announces 40% Gain In Q3 Earnings

(RTTNews) - Time Warner Inc. (TWX) reported a profit for its third quarter that increased from last year.

The company said its bottom line climbed to $1.44 billion, or $1.83 per share. This was higher than $1.03 billion, or $1.25 per share, in last year's third quarter.

Analysts had expected the company to earn $1.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.3% to $7.17 billion. This was up from $6.56 billion last year.

Time Warner Inc. earnings at a glance:

-Earnings (Q3): $1.44 Bln. vs. $1.03 Bln. last year. -Earnings Growth (Y-o-Y): 39.8% -EPS (Q3): $1.83 vs. $1.25 last year. -EPS Growth (Y-o-Y): 46.4% -Analysts Estimate: $1.37 -Revenue (Q3): $7.17 Bln vs. $6.56 Bln last year. -Revenue Change (Y-o-Y): 9.3%