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Earnings: Time Warner Beats Q1 Expectations


By Tim Molloy

Time Warner posted revenues of $7.5 billion, beating Wall Street's expectations.

Adjusted earnings per share rose to 97 cents a share. Analysts had predicted 88 cents on average, according to data compiled by Bloomberg.

Revenues excluding Time Inc. increased 10 percent to $6.8 billion.

Warner Bros. revenues increased 14 percent ($385 million) to $3.1 billion, mainly due to a stronger theatrical slate, led by "The Lego Movie" and "300: Rise of an Empire."

More to come…

The post Earnings: Time Warner Beats Q1 Expectations appeared first on TheWrap.

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