Revenue Update on Time Warner Inc(NYSE:TWX)

Time Warner Inc(NYSE:TWX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $6.95B. Analysts estimated a revenue of $7.04B. Earnings per share were $1.29. Analysts had estimated an EPS of $1.16.

In a different note, On Jul 26, 2016, FBR Capital said it Downgrades its rating on Time Warner Inc. The shares have been rated ‘Market Perform’ by the firm.

Time Warner Inc (TWX) made into the market gainers list on Fridays trading session with the shares advancing 0.16% or 0.13 points. Due to strong positive momentum, the stock ended at $80.55, which is also near the day’s high of $80.74. The stock began the session at $79.99 and the volume stood at 35,71,676 shares. The 52-week high of the shares is $80.74 and the 52 week low is $55.53. The company has a current market capitalization of $62,655 M and it has 77,78,42,230 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Kenneth J Novack (director) sold 8,400 shares at $74.61 per share price.Also, On Jun 6, 2016, Gary L Ginsberg (Executive Vice President) sold 3,000 shares at $75.79 per share price.On May 10, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 272,710 shares at $74.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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