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Technology Stocks : What about old Time Warner
TWX 98.770.0%Jun 15 5:00 PM EST

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To: sixty2nds who wrote (69)11/2/2005 7:53:18 AM
From: sixty2nds  Read Replies (1) of 102
 
06:33 TWX Time Warner beats by $0.02, ups stock buyback, reaffirms Y05 guidance (17.57 )

Reports Q3 (Sep) earnings of $0.19 per share, $0.02 better than the Reuters Estimates consensus of $0.17; revenues rose 6.1% year/year to $10.54 bln vs the $10.38 bln consensus. Co also ups stock buyback by $7.5 bln to $12.5 bln over next 21 months. TWX reaffirms guidance for Y05 Adjusted Operating Income, sees growth rate in high-single digits off base of $9.9 bln in Y04, expects to covert 30-40$ of its Adjusted Operating Income into Free Cash Flow.
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