Time Warner (TWX
TWX’s Earnings in Brief
Time Warner reported second quarter revenues of $6.79 billion, up from last year’s Q2 revenues of $6.61 billion. Total adjusted operating income came in at $1.62 billion, an increase from last year’s Q2 figure of $1.39 billion. The company's adjusted EPS for the quarter was 98 cents, marking a solid uptick from last year’s Q2 EPS of 76 cents. Time Warner beat analysts’ EPS estimates of 84 cents, but revenues came in slightly below the $6.87 billion expectation. In addition to releasing its Q2 earnings, TWC also reaffirmed its 2014 EPS outlook, and still sees percentage growth in the low-teens.CEO Commentary
TWX Chairman and Chief Executive Officer Jeff Bewkes released the following comments: "We had another strong quarter, reflecting the strength of our businesses and our potential for continued growth as we deliver on our strategic plan to be the world's leading video content company. Adjusted Operating Income increased 17%, while Adjusted EPS rose 29%, and over the first half of the year we generated $2 billion of Free Cash Flow, up 16% year-over-year. We achieved these results in a milestone quarter during which we spun off Time Inc. as an independent, publicly-traded company, further unlocking value for our shareholders and giving Time Warner even more operational focus.”
TWX’s Dividend and Buyback
Time Warner paid its last dividend on June 6. We expect the company to declare its next quarterly payout of 32 cents in the coming days. In its earnings report, the company announced that the board of directors have authorized and additional $5 billion in stock repurchases.
Stock Performance
TWX stock was down $10.94, or 12.84%, in pre-market trading. YTD, the stock is up 29.28%.
TWX Dividend SnapshotAs of Market Close on August 5, 2014
Click here to see the complete history of TWX dividends.
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