Time Warner Q2 Beats Revenue, Earnings Estimates

Quick hit from Time Warner’s earnings release: The media conglomerate’s Q2 topped Wall Street’s consensus in both revenue — $7 billion vs. estimates of $6.8 billion — and earnings — $0.60 a share vs. estimates of $0.58. Time Warner tweaked its 2011 guidance, and now expects earnings growth of “at least low tweens” — previously it was just forecasting “low teens.”  We’ll come back later in the day, after the company’s midmorning earnings call.