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Time Warner easily beats Wall Street's expectations
Time Warner easily beats Wall Street's expectations

Time Warner Inc. reported third-quarter results that sailed past Wall Street projections as the media giant garnered higher fees for its television channels and movies. The New York company posted third-quarter profit, after stripping out one-time items and the cost of severance packages, of 97 cents a share. Analysts had been expecting earnings of 94 cents. Revenue during the July-through-September quarter rose 3% to $6.24 billion. Time Warner also raised its full-year outlook, which helped send shares up $3.02, or 4%, to $77.99 in trading on the New York Stock Exchange. The results appear to back Chief Executive Jeff Bewkes, who has been making the case to Wall Street that Time...

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