Time Warner lifts profit outlook


WSJ: The media company’s Q3 revenue increased a larger-than-expected 3% on growth.

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WSJ: The media company’s Q3 revenue increased a larger-than-expected 3% on growth.

The company said it now expects percentage growth in the high teens from last year’s full-year earnings of $3.51 a share. The company had been expecting a percentage rise in the low teens.

Shares of Time Warner, up nearly 15% over the past 12 months but down 12% over the past three, were up about 3% in Wednesday trading.

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