uploads///TWX YTD price perfor post Q

Here’s How Time Warner Fared in 2Q16


Aug. 18 2020, Updated 6:39 a.m. ET

Time Warner in fiscal 2Q16

Time Warner (TWX) announced its fiscal 2Q16 earnings on August 3, 2016. It reported revenues of $7 billion, a decline of 5% year-over-year. The company’s revenues were pulled down by the fiscal performance of its Warner Bros. division, which had an operating income of $1.8 billion in fiscal 2Q16, a decrease of 1% over fiscal 2Q15.

Time Warner reported EPS (earnings per share) of $1.20 and adjusted EPS of $1.29. That exceeded consensus Wall Street analyst estimates of $1.16 per share. The stock closed at $77.88 on August 4, 2016.

As you can see in the graph below, Time Warner’s share price has risen 20.8% year-to-date. In contrast, 21st Century Fox’s (FOXA) stock has fallen 7.1% year-to-date. Viacom (VIAB) and CBS (CBS) have seen their stock prices rise 7.1% and 10.7%, respectively.

Article continues below advertisement

In this series

In this series, we’ll see how Time Warner’s segments, including Warner Bros., HBO, and Turner, performed in fiscal 2Q16 and what their key growth factors were. The company also acquired a 10% stake in Hulu, which is valued at $5.8 billion. Turner entered into an affiliate agreement with Hulu in which Hulu’s soon-to-be-launched online television service will carry all of the Turner channels. We’ll take a look at Time Warner’s stake in Hulu in detail later in the series.

But first, let’s see how analysts are rating Time Warner after posting its earnings.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.