MIDEAST STOCKS - Factors to watch - Mar 27
DUBAI, March 27 Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy.
May 1 Time Warner Inc posted a higher first-quarter profit on Wednesday, as growth in its cable networks offset declines in the film, TV entertainment and publishing units.
The company also stood by its earnings growth outlook for the year, although that forecast does not include the planned spin-off of the publishing business.
Net income for the media company, which owns the CNN cable network, premium TV service HBO and a movie studio, rose to $720 million, or 75 cents per share, from $583 million, or 59 cents a share, a year ago.
Adjusted earnings of 82 cents per share easily beat the consensus Wall Street forecast of 75 cents, according to Thomson Reuters I/B/E/S. Earnings exceeded even the highest of the 28 estimates that made up the consensus.
But revenue came in below even the lowest Wall Street expectations at $6.94 billion. Analysts were expecting $7.15 billion. Time Warner said the growth at the networks unit was offset by declines in other segments, leaving the company essentially flat year on year.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_03272017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 11:00 am: Budget session of Parliament continues in New Delhi. 06:00 pm: RBI Deputy Governor S. S. Mundra to speak at an event in Mumbai. 07:45 pm: Prime Minister Narendra Modi to speak at Econom