The media giant earned $1.75 billion, or 44 cents a share, up from $1.3 billion, or 28 cents, earned in the same period a year ago. Quarterly revenue rose to $12.47 billion from $11.52 billion last year, reflecting gains in its cable-television and networks divisions. Time Warner’s financial results exceeded the average estimates for earnings of 22 cents a share on revenue of $12.46 billion. Looking ahead, Time Warner said it expects 2007 earnings of $1 a share. |
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