On the other hand, Time Warner beat the Street’s expectations in the first quarter, however, it is not likely to follow the same trend and is expected to miss on both levels.
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Pacific Crest analyst Andy Hargreaves wrote that Time Warner’s entertainment viewership is a major problem for the company.
Time Warner Inc.is set to report earnings for the second quarter before the market opens on Wednesday.
On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016.
Time Warner Inc closed down -0.97 points or -1.25% at $76.65 with 42,73,969 shares getting traded on Friday.
Earnings Roundup: In the last fiscal quarter alone, Time Warner Inc. generated around $7.31B in revenue and net income of $1.49/share.
However, the company is expected to perform better in terms of its revenues.
Time Warner shares have risen 17 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5.5 percent.
Revenue: Analysts surveyed by FactSet are looking for Time Warner to post revenue of $7.05 billion, which would be down 4% compared with the same quarter past year, when the company reported revenue of $7.35 billion. (TWX), so its rating change is noteworthy. The rating by the firm was issued on July 26, 2016.
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Time Warner Inc. has 786,394,000 shares outstanding at the moment which are trading around 77.02 bringing Time Warner Inc.’s market capitalisation to 60.57B Dollars. Time Warner Inc makes up approx 1.53% of Ferguson Wellman Capital Management Inc’s portfolio.Partnerre Asset Management Corp reduced its stake in TWX by selling 100 shares or 1.83% in the most recent quarter. The 50 day moving average of NYSE:TWX is 75.13 and the 200 day moving average is 72.41.
