Time Warner Posts Solid Q1 Results, Revenue up 6% YoY

May 04, 2011

Time Warner Inc (NYSE:TWX) reported Q1 EPS of $0.58 today, just edging the consensus estimate for a $0.57 per share profit. Revenue grew 6% year-over-year to $6.68 billion, beating the consensus estimate for $6.45 billion.Chairman and Chief Executive Officer Jeff Bewkes said: "We're off to a solid start this year. We're on track to meet our financial goals for 2011 and making a lot of progress toward our longer-term objectives. For instance, our continued investment in the highest-quality content is paying off: the NCAA Men's Basketball Tournament on TBS, TNT and truTV performed even better than we expected and Game of Thrones debuted on HBO to critical acclaim and strong viewership."