On Friday, Shares of Time Warner Inc (NYSE:TWX), added 0.54% and closed at $86.80 in the last trading session. The last trading range of the stock ranges between $85.77 and $87.00. Time Warner Inc. (TWX) recently raised its 2016 full-year business outlook. The Company now anticipates its 2016 full-year Adjusted Diluted Income per Common Share from Continuing Operations (“Adjusted EPS”) to be in the range of $5.73 to $5.83. This outlook includes a $0.28 net tax benefit recognized in the third quarter of 2016 related to an Internal Revenue Service-approved tax accounting method change. Absent that benefit, the outlook for 2016 Adjusted EPS would be $5.45-$5.55.
The outlook for 2016 Adjusted EPS does not include the impact of any future merger or unplanned restructuring and severance charges, the impact from future sales or acquisitions of operating assets or the impact of taxes on such items. These items may occur from time to time because of administration decisions and changing business circumstances, and the impact of such items would be included in both Adjusted EPS (other than gains or losses from operating assets and any related tax effect) and Diluted Income per Common Share from Continuing Operations attributable to Time Warner Inc. common shareholders (“EPS”), which is the most directly comparable GAAP measure to Adjusted EPS. The Company is presently unable to forecast precisely the timing and/or magnitude of any such events and resulting impacts on EPS and Adjusted EPS.
Acacia Communications, Inc. (NASDAQ:ACIA), DROPPED -1.05% and closed at $77.93 in the last trading session. The last trading range of the stock ranges between $66.38 and $77.00. The company’s Market capitalization is $2.52 Billion with the total Outstanding Shares of 37.42 million. Acacia Communications, Inc. (ACIA), a leading provider of high-speed coherent optical interconnect products, recently stated financial results for its third quarter ended September 30, 2016.
“Our third quarter results exceeded our expectations driven by strong global demand for our products across metro and inter-data center networks,” said Raj Shanmugaraj, President and CEO of Acacia Communications. “To satisfy this continued demand, we further scaled our manufacturing capacity during the quarter. As was the case in the second quarter, we continued to diversify our revenue base, with two of our newer top tier customers ranking among the top five contributors to our revenue in the third quarter. In Addition To, we recently declared sampling of our coherent CFP2-DCO module, leveraging our sixth DSP ASIC developed in 16nm CMOS, which we believe demonstrates our continued technology leadership position.”