Time Warner reported its first quarter results before the bell this morning, posting an EPS of $0.67, above analyst estimates of $0.65. Revenues for the quarter rose 4% to $7 billion, also above consensus estimates of $6.81 billion.The company also announced in its release that it repurchased 24 million shares of its stock for almost $900 million through the first quarter per the plan authorized by the company’s board of directors back in January. Although earnings did beat estimates, the media company’s profits were down 11% from the prior quarter due to restructuring costs and other items.
