NEW YORK (TheStreet) -- Time Warner (TWX) shares are up 1.82% to $65.92 in trading on Wednesday following the release of the company's first quarter earnings report.
The company posted revenue of $7.5 billion, beating analysts estimates of $6.61 billion in revenue.
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The multimedia and entertainment company posted earnings of 91 cents, beatings analysts estimates by 3 cents.
The company's first quarter bottom line was helped by the continued success of its Warner Bros movie division, which had a record breaking year in 2013, and HBO whose True Detective series is the subscription channel's most watched freshman series ever.
TheStreet Ratings team rates TIME WARNER INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIME WARNER INC (TWX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: