Time Warner, CVS Caremark Announce Earnings

Time Warner (TWX) announced it earned $1.17 billion, or $1.21 per share, for the fourth quarter of 2012, up from $773 million, or 76 cents per share, in the same period last year. Adjusted earnings were $1.17 per share, beating analyst estimates of $1.10. Revenue was about even at $8.16 billion, while analysts expected $8.22 billion.