NEW YORK (TheStreet) -- Time Warner (TWX) stock is gaining 2.29% to $71.61 in mid-morning trading on Monday after "Batman v Superman: Dawn of Justice," the latest movie from the New York City-based media and entertainment company, exceeded box office expectations during its opening weekend.
The film, produced by Time Warner subsidiary Warner Bros., generated $170.1 million in North American theaters last weekend, surpassing estimates of $150 million, MKM Partners analysts wrote in a note this morning.
The successful debut of "Batman v Superman: Dawn of Justice" will help propel overall box office revenue growth for the 2016 first quarter.
"[T]hanks to the sizable opening from 'Batman v Superman: Dawn of Justice' along with stronger than expected results from multiple films throughout the quarter, the box office is likely to finish up in the low double-digits," analysts added.
Separately, Time Warner has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's growth in earnings per share, increase in net income, notable return on equity, attractive valuation levels and expanding profit margins.
You can view the full analysis from the report here: TWX
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