Time Warner Profit Tops Analyst Estimates on Cable-TV Gains
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Time Warner Inc., the media company that owns HBO and the Batman film franchise, reported third-quarter profit that topped analysts’ estimates after making gains in cable-network revenue.
Net income rose to $838 million, or 86 cents a share, from $822 million, or 78 cents, a year earlier, the New York-based company said today in a statement. That beat the 82 cents analysts had projected, according to data compiled by Bloomberg.