Time Warner Inc. (TWX) hopes to improve earnings in Q4

Media giant Time Warner Inc. (NYSE: TWX) Q3 results suggest that the Time Warner Inc. (TWX) Q3 profits have fallen by 38% to $661 million, or 55 cents a share. Time Warner reported earnings earlier today.

Meanwhile, Time Warner Inc. (TWX) stock appears a little weak on the daily charts, as its daily candlesticks have already breached 50 days MA, and is a shade above 200 days MA support level of $28.7.

Its adjusted EPS was 61 cents a share, compared to analysts' estimates for earnings of 53 cents a share. However, Time Warner Inc. (TWX) still expects to spin off AOL by the end of the year and recoup the losses out of this business.