Time Warner 4Q Revenue Drops 3.5%
The entertainment company’s believers and skeptics will find something to support their cases in the report this morning about its Q4 results. Time Warner generated net income of $1.17B, +51.3% vs the period last year, on revenues of $8.16B, -3.5%. Revenues were a little short of analysts’ consensus forecast for $8.25B. But adjusted earnings at $1.17 a share were well ahead of predictions for $1.10.