Time Warner Beats Fourth-Quarter Earnings Estimates, Raises Dividend

February 10, 2016 12:27 PM

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Time Warner Beats Fourth-Quarter Earnings Estimates, Raises Dividend

The entertainment conglomerate, led by CEO Jeff Bewkes, missed revenue forecasts like Viacom did a day earlier, but predicted 2016 earnings would come in a bit better than it had said in a recent guidance downgrade.

Time Warner, the entertainment conglomerate that owns Warner Bros., HBO and the Turner networks, on Wednesday reported better-than-expected fourth-quarter earnings, but revenue fell short of Wall Street expectations.

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