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Wednesday May 04, 06:29
Time Warner 1Q results topped expectations
(by Peter Van Bruggen)

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Time Warner 1Q results topped expectations Time Warner, the world’s largest media company, reported on Wednesday its first-quarter results.

Profit rose to $963 million, or 20 cents a share, from $961 million, or 20 cents, in the previous year. Revenue increased 3% to $10.48 billion. Analysts were expecting $10.3 billion.

Profit before some one-time items, rose to 18 cents a share. 17 centper share.
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