NEW YORK (TheStreet) -- Shares of Time Warner Inc. (TWX) closed down 4.81% to $74.97 ahead of its 2014 third quarter earnings report due out before the market open tomorrow.
The media and entertainment company is expected to report earnings of 94 cents a share and revenue of $6.2 billion for the quarter, down from earnings of $1.01 a share and revenue of $6.9 billion a year ago, according to average analyst estimates compiled by Bloomberg.
Additionally, the Federal Communications Commission announcement that it would seek to drastically reconfigure how viewers get their content is looming over the entire industry.
Last week, the FCC said in a blog post that it would begin the process of opening up the Internet to video programming that have thus far been available only through cable or broadcast in a move known as over-the-top video provider a la carte, according to Barron's.
Separately, 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, notable return on equity, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: TWX Ratings Report
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