Time Warner beats by $0.10, beats on revs; reaffirms FY15 EPS guidance
Reports Q1 (Mar) earnings of $1.19 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $1.09; revenues rose 4.8% year/year to $7.13 bln vs the $6.99 bln consensus, due to growth across all divisions. Adjusted Operating Income grew 12% to $1.8 billion due to growth at Turner, offset in part by declines at Warner Bros. and Home Box Office.
Co reaffirms guidance for FY15, sees EPS of $4.60-4.70, excluding non-recurring items, vs. $4.65 Capital IQ Consensus Estimate.
Co reaffirms guidance for FY15, sees EPS of $4.60-4.70, excluding non-recurring items, vs. $4.65 Capital IQ Consensus Estimate.
- "HBO once again grew domestic subscribers in the quarter while continuing to gain acclaim for groundbreaking programming such as the recent documentaries Going Clear: Scientology and the Prison of Belief and The Jinx: The Life and Deaths of Robert Durst. The return of Game of Thrones reached a new premiere high, while also providing the backdrop for the highly-anticipated launch of HBO NOW, our standalone streaming version of HBO -- which is off to a great start. Reflecting our strong commitment to provide direct returns to shareholders, we returned more than $1.4 billion in dividends and share repurchases year-to-date."