Back to top

Image: Bigstock

Time Warner Inc.

Read MoreHide Full Article

We believe Time Warner’s initiatives such as foraying into new markets and digital endeavors augur well for its operating performance. This is quite evident from the positive earnings surprise streak in the last 13 quarters. In first-quarter 2015, the company beat the Zacks Consensus Estimate by 9.2%. Although management reiterated its full year earnings per share guidance but warned on sharp deceleration in bottom-line growth in the second quarter due to foreign currency headwinds. Nevertheless, we believe that the company’s investments in programming, production and marketing, coupled with its focus on operating and capital efficiencies bode well. Also, the company has been expanding its digital presence to facilitate consumers to enjoy contents on more platforms and devices.

Published in