Time Warner Increases Q4 Dividend; HBO, Turner Gains Offset by Warner Bros. Revenue Slip

“Tammy” and “Edge of Tomorrow” can’t compete with 2013’s fourth quarter home entertainment releases

BEVERLY HILLS, CA - OCTOBER 06: Time Warner Inc. Chairman and CEO Jeffrey Bewkes speaks onstage during day one of TheWrap TheGrill 2014 at Montage Beverly Hills on October 6, 2014 in Beverly Hills, California. (Photo by David Buchan/Getty Images)
TheWrap

Time Warner released its Q4 2014 earnings on Wednesday before the U.S. stock markets opened, reporting earnings per share (EPS) of $0.84 on $7.53 billion in revenue. Adjusted EPS was $0.98.

Wall Street analysts had forecasted EPS of $0.94 on $7.55 billion in revenue, according to Yahoo FinanceZacks had the per-share earnings estimated at a penny more. CNN Money saw it one penny in the other direction, anticipating EPS of $0.93 on $7.5 billion in sales. Analyst estimates typically exclude special items, therefore Time Warner technically topped earnings forecasts by four cents but missed the consensus on revenue.

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