UPDATE: Time Warner Posts Upbeat Q4 Profit
February 05, 2014 at 07:08 AM EST
Time Warner (NYSE: TWX ) reported a 12% drop in its fourth-quarter profit. Time Warner's quarterly profit fell to $983 million, or $1.06 per share, from a year-ago profit of $1.11 billion, or $1.15 per share. Excluding one-time items, its earnings climbed to $1.17 per share from $1.16 per share.
