This morning, Time Warner (NYSE:TWX) reported fourth quarter earnings of $983 million, or $1.06 per share, as revenue climbed by 5% to $8.57 billion. Excluding one-time items the company would have earned $1.17 per share, topping Wall Street estimates. The company said that it expects adjusted earnings to increase by the "low double digits" year over year, but noted that this excludes the drag of the Time, Inc. business segment. Shares of TWX were lower on Wednesday, falling 2.3%.
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