Time Warner has exceeded expectations and raised its forecast

Time Warner publishes a quarterly profit above Wall Street expectations after posting the largest increase in sales for two years.

It also raised its forecast for the full year, saying that now rely on an increase of at least 20% of its current earnings per share.

The U.S. media group has achieved in second quarter net earnings of $ 562 million (425 million), or 49 cents per share, against 524 million (43 cents / share) for the same period last year.

Its earnings per share (EPS) stood at 50 cents adjusted, five cents above Thomson Reuters consensus I / B / E / S.

The quarterly revenue rose 8% to $ 6.4 billion while analysts were waiting to 6.2 billion.

The turnover of the Division "Networks", which includes Turner Broadcasting and HBO, has increased 11% to $ 3.2 billion.

The film division, which includes Warner Brothers, has a turnover up 8% to $ 2.5 billion, thanks in part to the success of "Clash of the Titans" and "Sex and the City 2" .

The revenues of its magazines, which include People, Time, remained stable at 919 million dollars.

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