Media conglomerate Time Warner Inc. said Wednesday that its second-quarter profit grew 14 percent, thanks to higher revenue from its TV channel business, video games and movies such as "The Hangover Part II."
Adjusted earnings were 60 cents per share in the latest quarter, above the 55 cents per share that analysts polled by FactSet had expected.
Revenue grew 10 percent to $7.03 billion from $6.38 billion. Analysts expected lower revenue of $6.81 billion. L.A. TIMES