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Time Warner (NYSE: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.

Guidance

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.

Analyst Views

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 (NYSE:UN)(NYSE: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.

Source: Earnings Preview: Time Warner