"Wonder Woman" lifts Time Warner profit
Time Warner Inc, which is in the process of being bought by AT&T Inc, reported an 11.6 percent rise in quarterly profit, helped by the success of its latest superhero movie "Wonder Woman".
Net income attributable to Time Warner`s shareholders rose to $1.06 billion, or $1.34 per share, in the second quarter ended June 30, from $952 million, or $1.20 per share, a year earlier.
Revenue rose 5.4 percent to $7.33 billion.
Spurred by the smashing box-office success of Wonder Woman, Warner Bros, the company`s movie division, announced a December 2019 date for a sequel.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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