Mon, May 28, 2012, 7:15 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: Time Warner 4Q earnings edge up

Summary Box: Time Warner beats Street in 4th-Qtr earnings

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TWX34.700.12

THE RESULTS: Time Warner Inc. says net income rose slightly, and revenue rose 5 percent in the fourth quarter.

THE MAGICAL EFFECT: Time Warner got a boost from its movie studio, particularly the Nov. 11 home video release of the final "Harry Potter" movie. That was partly offset by a comparison with a quarter that included the November 2010 theatrical release of the next-to-last installment of the series.

THE FUTURE: The company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise. Growth forecast for adjusted earnings this year topped Wall Street's expectations.

 

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