Time Warner: Stay On the Sidelines After Q2?

Filed under: Earnings Reports, Time Warner (TWX), Walt Disney (DIS), News Corp'B' (NWS), Media World

Time Warner Inc. (TWX), a media company which competes with The Walt Disney Corporation (DIS) and News Corp. (NWS), among others, has traded in a narrow range over the last twelve months. The 52-week low is $26.43; the 52-week high is $34.07. Shares finished Wednesday's session at a price of $32.47.



Management released Q2 numbers earlier in the day. According to the AP, adjusted profit was 50 cents per share, five pennies better than expectations. Sounds good, but there wasn't much action in the stock. That $32.47 closing price I just referred to represents a flat percentage gain.

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Time Warner: Stay On the Sidelines After Q2? originally appeared on BloggingStocks on Wed, 04 Aug 2010 18:00:00 EST. Please see our terms for use of feeds.

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