Media giant Time Warner (TWX) reported Wednesday its third-quarter earnings fell 21% as the company took a hefty charge. Adjusted earnings, however, rose, handily topping analysts’ estimates as revenue increased. The company also raised its 2010 earnings outlook.
“Time Warner achieved strong performance yet again in the quarter and … we remain on track for a very strong year,” said Chairman and…
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Time Warner Earnings Fall on Charge, but Top Estimates originally appeared on DailyFinance on Wed, 03 Nov 2010 08:51:00.
Filed Under: Company News, Earnings, Media, Time Warner, Stocks in the News