Time Warner Inc. , one of the leading media conglomerates, came out with first-quarter 2017 results, wherein adjusted earnings of $1.66 per share comfortably beat the Zacks Consensus Estimate of $1.44 and jumped 11% year-over-year.

Including one-time items, earning per share came in at $1.80 per share, up from $1.51 reported in the prior year quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 and 2018 has been stable in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 16.6%.

Revenues:The company’s revenues increased 6% year over year to $7,735 million and came ahead of the Zacks Consensus Estimate of $7,660 million, primarily due to growth at all operating units.

Time Warner Inc. Price, Consensus and EPS Surprise

 

Time Warner Inc. Price, Consensus and EPS Surprise | Time Warner Inc. Quote

Zacks Rank: Currently, Time Warner carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

Check back later for our full write up on Time Warner’s earnings report!

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