movie studio

movie studio

Time Warner Raises Profit Forecast but Fourth-Quarter Revenue Misses

1d ago
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<a href="http://on.aol.com/video/time-warner-raises-profit-forecast-but-fourth-quarter-revenue-misses-519487956"> </a> (Reuters) - Time Warner Inc (N:TWX), the owner of cable channels CNN and HBO and movie studio Warner Bros, raised its 2016 adjusted profit forecast and set a $5 billion share buyback program.The company, whose fourth-quarter profit beat expectations, also raised its dividend to 40.25 cents per share from 35 cents.However, revenue slipped 6 percent and came in shy of estimates, hurt by a lack of hit movie releases from Warner Bros and a strong dollar.