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Amended: Time Warner Turns To Profit In Q4 - Quick Facts 1

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Amended: corrects to remove analysts' estimates for revenues.

Wednesday, Time Warner Inc. (TWX) said its fourth-quarter net income attributable to Time Warner Inc. shareholders was $627 million or $0.53 per share compared with a loss of $16.03 billion or $13.41 per share recasted in the prior year period.

Adjusted income from continuing operations for the quarter rose to $651 million from $228 million recasted in the year-ago period. Adjusted earnings per share for the quarter were $0.55, up from $0.19 per share recasted in the earlier period.

Total revenues for the quarter increased to $7.32 billion from $7.16 billion in the comparable period.

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