Time Warner Inc. Bottom Line Rises 18% In Q1

(RTTNews) - Time Warner Inc. (TWX) revealed a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line came in at $1.19 billion, or $1.49 per share. This was up from $1.01 billion, or $1.19 per share, in last year's first quarter.

Analysts had expected the company to earn $1.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.5% to $7.31 billion. This was up from $7.13 billion last year.

Time Warner Inc. earnings at a glance:

-Earnings (Q1): $1.19 Bln. vs. $1.01 Bln. last year. -Earnings Growth (Y-o-Y): 17.8% -EPS (Q1): $1.49 vs. $1.19 last year. -EPS Growth (Y-o-Y): 25.2% -Analysts Estimate: $1.30 -Revenue (Q1): $7.31 Bln vs. $7.13 Bln last year. -Revenue Change (Y-o-Y): 2.5%

-Guidance: Full year EPS guidance: $5.30 - $5.40