Time Warner Inc. on Wednesday said fourth-quarter profit rose more than 20 percent on strong growth in advanced cable services and feature films. It also gave an earnings outlook in line with expectations.
The owner of Warner Bros. film studio, AOL and CNN reported net income of $1.4 billion (29 cents per share), compared with $1.13 billion (24 cents) a year earlier, beating analysts’ forecasts of 21 cents. Revenue rose 7 percent to $11.9 billion.
