Investing.com - Time Warner reported better-than-expected fourth-quarter earnings, despite missing on revenue expectations, it announced early Wednesday.
Earlier in the day, in its fourth quarter earnings report, Time Warner said earnings per share came in at USD1.17, above expectations for USD1.10 per share.
The company’s fourth quarter revenue totaled USD8.16 billion, compared to expectations for revenue of USD8.22 billion.
The cable giant boosted its quarterly dividend to USD0.28 per share from USD0.26.
The company added that it will buy back USD4 billion worth of shares.
The outlook for U.S. equity markets steady. The Dow Jones Industrial Average futures indicated a gain of 0.1% at the open, S&P 500 futures were little changed, while the Nasdaq 100 futures indicated a drop of 0.1% at the open.
Earlier in the day, in its fourth quarter earnings report, Time Warner said earnings per share came in at USD1.17, above expectations for USD1.10 per share.
The company’s fourth quarter revenue totaled USD8.16 billion, compared to expectations for revenue of USD8.22 billion.
The cable giant boosted its quarterly dividend to USD0.28 per share from USD0.26.
The company added that it will buy back USD4 billion worth of shares.
The outlook for U.S. equity markets steady. The Dow Jones Industrial Average futures indicated a gain of 0.1% at the open, S&P 500 futures were little changed, while the Nasdaq 100 futures indicated a drop of 0.1% at the open.