The world's largest entertainment house Time Warner Inc.'s earnings fell by 38% in third quarter.

Despite losses via AOL, which the firm plans to make a separate, publicly traded company by end of this year, the media giant topped analysts' expectations and raised its full-year earnings target to at least $2.05 a share, compared with a view initially of about $1.98.

The increased forecast of the company includes as much as $100 million in restructuring costs at Time Inc., where 600 workers lost their jobs last November.

Despite the fact of facing the drop in revenue from its movie studio and the HBO and Turner cable networks in July-September quarter, bringing down to 55 cents per share with the view of 89 cents per share, a year ago. The group beats the analyst prediction of 53 cents earnings a share nevertheless attains 61 cents per share.

Satisfying the future outlook, the movie studio and cable channels relying on ad dollars accomplished recovered results, further, chasing the mount of 5 percent revenue from Network Segment.

For the moment, the group saw a decline in earnings and in sales, though, Time Warner constantly articulated its assurance to the business.