Time Warner Inc. unveiled a mixed bag in earnings early Wednesday morning, reporting a downshift in fourth-quarter revenue but an uptick in earnings. The bottomline was good enough for the company to increase its quarterly cash dividend by 15 percent.
It was the company’s cable TV offerings — HBO and Turner — that grew the top line, but the comparitive-quarter box office sales declines out of Warner Bros. more than offset any positive revenue momentum as a whole.
Time Warner ended up reporting Q4 earnings per share (EPS) of $1.06 on $7.08 billion in revenue. The pleasant earnings were a nickel above Wall Street’s consensus estimate, but the sales figure came in well-below a Yahoo Finance forecast of $7.53