This morning, Time Warner (NYSE:TWX) reported second quarter earnings of $771 million, or 81 cents per share, on revenue of $7.44 billion. Excluding one-time items, the company would have earned 83 cents per share, easily topping Wall Street estimates of 76 cents. The company saw strong results from both television and film units, but weakness from its publishing business reinfoces the goal of spinning off those assets sooner, rather than later. In the report, Time Warner said it expects to see earnings growth in the "mid teens". Shares of TWX were higher on Wednesday morning following the strong results.
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