Investing.com – Time Warner easily beats Q3 earnings estimates, raises EPS outlook.
Adjusted diluted Q3 EPS up 46% yoy at $1.83 vs estimate of $1.37.
Revenues climb 9% to $7.17 bn vs estimate of $6.92 bn after Suicide Squad box-office hit.
Raises full-year adjusted EPS outlook to $5.73-$5.83 to reflect tax benefit of $0.28 per share.
AT&T (NYSE:T) has made an offer of $85.4 bn for Time Warner including debt.
Time Warner shares were up 2.48% at $90.39 in pre-market trade.