Time Warner quarterly revenue rises 9 percent


(Reuters) – Time Warner Inc, which is in the process of being bought by AT&T Inc, reported a 9 percent rise in quarterly revenue on Thursday, helped by the success of its latest superhero movie “Justice League”. The company’s net income attributable to shareholders increased to $1.39 billion, or 1.75 cents per share, including a gain of $1.06 per share related to changes to U.S. tax laws. In the year-ago quarter, the company earned $293 million, or 37 cents per share. Revenue rose to $8.61 billion from $7.89 billion. Reporting by Sonam Rai in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters