Time Warner Q4 continuing ops EPS 0.43 usd vs 0.27, sales up 8 pct |
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Published
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Wed, 31 Jan 2007 12:36
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LONDON (AFX) - Time Warner Inc posted fourth quarter earnings per share before discontinued operations and accounting charges of 0.43 usd compared to 0.27 a year earlier.Revenue in the period rose to 8 pct to 12.5 bln usd, which the company said was driven by increases at the Cable and Networks segments. Adjusted operating income before depreciation and amortization rose 13 pct to 3.0 bln usd.Time Warner said it expects 2007 full-year growth in adjusted operating income before depreciation and amortization in the mid-to-high teens, off a base of 11.1 bln usd in 2006.The company predicted 2007 full-year diluted EPS before discontinued operations and accounting charges of about 1 usd, including about 0.10 usd in after-tax gains from the sale of AOL's internet access business in Germany.Chairman Dick Parsons said 'We expect 2007 to be another superb year for Time Warner. Our businesses are well positioned to generate strong operating and financial performances.He added: 'In addition, we will continue to allocate our capital effectively, including the expected completion of our current 20 bln usd stock repurchase program during the first half of 2007.'newsdesk@afxnews.comrarCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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