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Time Warner Revenues Up

Time Warner posts rise in 2Q earnings, boosts view has financial results for the media giant, with earnings topping Wall Street estimates and the company raising their forecast for the full year. Word is: "Overall, Time Warner reported net income of $562 million, or 49 cents per share, for the three months ended June 30. That's up from $524 million, or 43 cents, a year ago. Removing one-time items, earnings came to 50 cents per share, while analysts expected 45 cents, according to Thomson Reuters. Revenue climbed 8 percent to $6.38 billion, the biggest increase in two years. Analysts expected revenue of $6.2 billion." MCV has the gaming perspective on this, saying they've been building profits with LEGO bricks: "Video games revenues were increased thanks on the whole to strong sales of LEGO Harry Potter: Years1-4, which has shipped over 2.7m units. Older release LEGO Batman has now sold over 7m units since its arrival in 2008."

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