Time Warner Inc Issues FY 2013 EPS Guidance In Line With Analysts' Estimates; Sees FY 2013 Charge Guidance

Wednesday, 6 Feb 2013 07:01am EST 

Time Warner Inc announced that for fiscal 2013, it expects percentage growth rate in Adjusted Diluted Net Income per Common Share (Adjusted EPS) to be in the low double digits off fiscal 2012 Adjusted EPS base of $3.28. This outlook reflects the impact of approximately $60 million in restructuring charges that the Company anticipates incurring in fiscal 2013 at Time Inc. The outlook above does not include the impact of any future merger or unplanned restructuring and severance charges, the impact from sales and acquisitions of operating assets or the impact of taxes on the above items that may occur from time to time due to management decisions and changing business circumstances. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $3.65 for fiscal 2013. 

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0.78 +0.94%
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