The Hangover 2 Has a Record Opening Weekend

Warner Bros., a unit of Time Warner (NYSE: TWX), got off to a strong start for the summer. Despite harsh reviews, its The Hangover Part II raked in $86.5 million from Thursday to Sunday. That was the best three-day weekend ever for a live-action comedy and the second-best opening of all-time for an R-rated film.

Rounding out the top five were Kung Fu Panda 2 ($47.5 million), Pirates of the Caribbean: On Stranger Tides ($39.3 million), Bridesmaids ($16.4 million) and Thor ($9.4 million).

And it could shape up to be a strong summer overall for Warner Bros., as it has the highly anticipated Green Lantern coming out in June, and the even more highly anticipated series finale, Harry Potter and the Deathly Hallows Part 2, hitting theaters in July.

Time Warner has a dividend yield of 2.4%, a price/earnings-to-growth ratio of 0.8 and a long-term earnings per share growth forecast of 14.4%. Year to date, the stock has outperformed the broader markets even though shares have traded mostly between $35 and $38 since early February.