3. Time Warner (TWX) is a media and entertainment company operating in segments like networks, filmed entertainment and publishing.
For 2011 first quarter, revenue rose 6% to $6.7 billion from the same period last year, as the networks segment posted 18% growth during the quarter. The filmed entertainment segment was a drag on operating income, declining 10% year-over-year to $1.3 billion. Operating income margins were 19% vs. 22% in the same quarter prior year.
On the recent initiatives, Jeff Bewkes, the company's CEO, said, "We expanded the availability of our HBO GO streaming service to mobile devices; reached agreement with Apple to enable our Time, Fortune and Sports Illustrated print subscribers to access the iPad editions of these magazines at no extra cost; and, through Warner Bros., launched our test of premium video on demand. We've also bought back $1.3 billion of our shares so far this year, double the pace of last year. That reflects our confidence in our competitive position and growth prospects and our commitment to continue improving shareholder returns."Analysts project 12% upside over the next year with 65% buy ratings.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV