Notable Hot Runners: Time Warner Inc (NYSE:TWX), Navient Corp (NASDAQ:NAVI)

On Thursday, Shares of Time Warner Inc (NYSE:TWX), SUBTRACT -0.31% and closed at $86.33 in the last trading session. The last trading range of the stock ranges between $85.22 and $86.85. 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.

Navient Corp (NASDAQ:NAVI), jumped 6.79% and closed at $16.84 in the last trading session. The last trading range of the stock ranges between $16.01 and $16.90. The company’s Market capitalization is $5.98 Billion with the total Outstanding Shares of 303.00 Million. Erin Baker, Indianapolis resident and human resources coordinator for Navient, the nation’s leading loan administration, servicing and asset recovery company, received the company’s quarterly Solutions Navigator Award for providing a high level of service to the company and exemplifying the Navient value of customer-centricity.

Jon Kroehler, senior vice president and chief human resources officer for Navient, presented Baker with the award, which recognizes one employee who demonstrates one or more of Navient’s core values: customer-centricity, proactivity, leadership, stability and integrity.

Baker was also recently presented with a Certificate of Appreciation from the United States Office of Personnel Administration, an independent government agency that manages the civil services of the federal government. Baker received the honor for her dedication to excellent customer service.

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