Time Warner delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday, boosted by higher revenue at its Turner network and Warner Bros. studio.
The company's net income rose to $971 million, or $1.16 per share, in the second quarter ended June 30, from $850 million, or 95 cents per share, a year earlier.
The company posted adjusted earnings of $1.25 per share. Revenue came in at $7.35 billion.
Analysts had expected the company to report adjusted earnings of $1.03 a share on $6.9 billion in revenue, according to a consensus estimate from Thomson Reuters.
The company also reaffirmed its full-year outlook of $4.60 to $4.70 a share.
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