Time Warner reported a better-than-expected quarterly profit. S&P Capital IQ Equity Analyst Tuna Amobi says the bright spot was its Turner Broadcasting unit.
SHOWS: NEW YORK, NEW YORK, USA (FEBRUARY 12, 2015) (REUTERS - ACCESS ALL)
1. S&P CAPITAL IQ, EQUITY ANALYST, TUNA AMOBI , SAYING:
JOURNALIST ASKING TUNA AMOBI: 'Alright so you were on the conference call with Time Warner, what did they have to say? Give us some context for these earnings?'
AMOBI : 'Well I think the medium to longer term story remains intact, they reaffirmed their longer term EPS growth outlook in the mid-teens. The revenues as you indicated for the fourth quarter was relatively mixed and in fact I think the overall results were affected by high programming costs at HBO and also very difficult comparisons like Warner Brothers. The bright spot was the Turner networks but looking ahead I think a lot of people on the call, including ourselves were kind of comforted by the outlook for the continued EPS growth in the double digits.'