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Summary Box: Time Warner 4Q earnings edge up

FILE - In this Jan. 3, 2008 file photo, the Time Warner Center is shown in New York. Time Warner said Wednesday, Feb. 8, 2012, its fourth-quarter earnings grew slightly as revenue jumped 8 percent on strong performance at its Warner Bros. movie studio and its cable television networks. (AP Photo/Mark Lennihan, file)

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The Associated Press 10:26 AM Wednesday, February 8, 2012

THE RESULTS: Time Warner Inc. says net income rose slightly, and revenue rose 5 percent in the fourth quarter.

THE MAGICAL EFFECT: Time Warner got a boost from its movie studio, particularly the Nov. 11 home video release of the final "Harry Potter" movie. That was partly offset by a comparison with a quarter that included the November 2010 theatrical release of the next-to-last installment of the series.

THE FUTURE: The company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise. Growth forecast for adjusted earnings this year topped Wall Street's expectations.

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February 08, 2012 03:23 PM EST

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