Time Warner Inc. (NYSE: TWX), the New York City-based media and entertainment company, reported its financial results for the third quarter, posting a big increase in net income. For the quarter ended September 30, 2013, the company reported a profit of $1.18 billion, or $1.26 per share, compared to $822 million, or $0.84 per share reported for the same period in the previous year. Excluding one-time items, the company reported a profit of $1.01 per share. Revenue for the quarter was $6.86 billion. Analysts were expecting TWX to report revenue of $6.94 billion for the quarter. TWX shares struck a 52-week high of $70.77 earlier today. At last check, the stock was up 0.51% to $68.58 on above average volume of 5.92 million.
Tag: TWX
Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock.
Continue reading Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
Major Gainers and Losers in Early Trading on November 7; TWX, TDS, CIEN, ACI, APKT, ANR
Shares of Time Warner Inc. (NYSE: TWX), media and entertainment company operating in three segments; Networks, Filmed Entertainment and Publishing, are up sharply in early trading today. At last check, TWX shares were trading 3.48% higher at $44.61 on volume of 1.82 million. The stock hit an intra-day high of $45.14.