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Market Update : 
Time Warner Profit Climbs
Author: Elena Todorova
123jump.com
Last Update: 9:04 AM EST November 01 2006


U.S. stock market futures turned higher after a survey report showed that the U.S. economy added about 128,000 private-sector jobs in October. Automakers are also expected to report higher October U.S. sales compared to the same month a year ago. Time Warner posted sharply higher Q3 earnings of 57 cents a share, up from 18 cents last year. Revenues rose 7% to $10.9 billion. However, profit and revenue came in slightly below estimates. Time Warner held to its 2006 outlook.

 

 

 

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