Time Warner Tops Estimates, Guides High, Hikes Payout

Time Warner Inc. (TWX) posted adjusted fourth quarter earnings of $0.67 per share on $7.81 in revenue this morning, topping estimates. The company also gave shareholders a double-digit raise for the second straight year. Analysts were expecting a profit of $0.62 per share on sales of $7.48 billion, on average. In a separate release, Time [...]