Time Warner (TWX) is expected to report Q2 earnings before the market open on Wednesday, August 4 with a conference call scheduled for 10:30 am ET.
Analysts are looking for a profit of 45c on revenue of $6.2B. The consensus range is 42c-50c for EPS, and revenue of $6.06B-$6.55B, according to First Call. In May, the company forecast FY10 EPS ex-items growth to be "at least in the mid-teens" and said print advertising trends remaining positive into Q2.
In July, Time Warner's Time magazine eliminated some free online content, providing only summaries and shortened articles. In addition to striking a multi-year advertising pact worth up to $300M with Unilever (UN)(UL), Time Warner's Warner Bros. and its financing partner Legendary Pictures invested $160M in "Inception," an action thriller that's not a sequel, inspired by a toy or adapted from a comic book.
Credit Suisse recently added Time Warner to its U.S. Focus List based on valuation and strong strategic positioning and growth prospects.