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What to expect from Time Warner earnings

Time Warner Inc. is set to report earnings for the second quarter before the market opens on Wednesday.

Here’s what investors can expect:

Earnings: Time Warner TWX, -1.25% is expected to report earnings of $1.16 per share for the second quarter, according to analysts tracked by FactSet. That would mark a more than 7% drop compared with its $1.25 per-share earnings during the same period a year ago. During the first quarter, Time Warner beat FactSet’s $1.29 per-share consensus and reported earnings of $1.49. The media and entertainment company has beat the FactSet consensus on earnings in every quarter dating back to the 2008 fourth quarter.

Estimize, which crowdsources estimates from sell-side and buy-side analysts, hedge-fund managers, executives, academics and others, expects Time Warner earnings to come in a bit higher at $1.18 per share.

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