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The company's previous outlook was for 22 cents to 30 cents a share.
The Energy Department expects oil prices to average $110 a barrel this year, about $9 more than its previous outlook.
Time Warner Cable forecast 2008 revenue growth of about 8percentt, compared with its previous outlook of about 9percentt.
The company also raised its revenue projection to $117 million to $118 million from its previous outlook of $108 million to $110 million.
The news has lifted Imagination 8.8p to 197.8p, and analyst Lee Simpson at Jefferies said: Activity is in line with the previous outlook (2014 results).
Time Warner forecast full-year adjusted operating income before depreciation and amortization to grow around 5percentt, down from its previous outlook of 7 to 9percentt growth.
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Shares jumped as investors approved of the company's holding to its previous growth outlook.
James Flaws, chief financial officer, said orders had been slowing across all fiber product lines, and now the company expected overall market growth for optical fiber in 2001 to be much less than the previous 15percentt outlook.
The profit warning was the second this year and came just six weeks after Newell's most recent forecast, which was at the low end of its previous earnings outlook.
The previous brighter outlook for exports had also disappeared in the most recent survey results.
Despite this rise, the forecast is a "significant reduction" on Gartner's previous 2013 outlook forecast of $706 billion in worldwide devices and 7.9percentnt growth.
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