Harry Potter saves the day again! Time Warner (NYSE: TWX) unveiled fourth quarter earnings of .94 per share this morning, coming in just above expectations of .87. Revenues were up 5% to 8.19 billion from 7.81 billion, higher than the estimated 8.06 billion. For the 2011 full year revenues were up 8%, adjusted operating income was up 9%, and adjusted EPS were up 20%.
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The Walt Disney Company (NYSE: DIS) announced 2012 first fiscal quarter earnings February 7th after the closing bell. Expected earnings were .72, which Disney beat, coming in with earnings per share of .80. Revenues of 10.8 billion however, came in below expectations of 11.2 billion, causing DIS to fall 1.4% to $40.40 in extended trading. If you exclude studio revenues (Disney really wishes we would!), then more »