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'Wonder Woman' helps Time Warner smash profit estimates

(Reuters) - Time Warner Inc (TWX.N), which is in the process of being bought by AT&T Inc (T.N), reported a much better-than-expected quarterly profit, driven by the box-office success of its latest superhero movie "Wonder Woman".

The company's shares were up 1.2 percent at $103.74 in premarket trading on Wednesday.

Revenue from the company's Warner Bros unit, which includes the movie business, rose 12.4 percent to $2.99 billion, topping analysts' average estimate of $2.90 billion, according to data and analytics firm FactSet.

"Wonder Woman", starring Israeli actress Gal Gadot, grossed about $800 million worldwide...


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