Discovery Communications (DISCA) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.43. The company posted revenue of $1561.00 million in the period, compared to analysts expectations of $1561.24 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Discovery Communications. Discovery Communications was Downgraded by Macquarie to ” Underperform” on Apr 26, 2016. Shares were Downgraded by Topeka Capital Markets on Apr 25, 2016 to ” Hold” and Lowered the Price Target to $ 31 from a previous price target of $37 .RBC Capital Mkts Initiated Discovery Communications on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $35.
Discovery Communications closed down -0.41 points or -1.52% at $26.59 with 64,55,460 shares getting traded on Wednesday. Post opening the session at $27.04, the shares hit an intraday low of $26.57 and an intraday high of $27.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 18, 2015, Robert Miron (director) sold 820 shares at $26.31 per share price. According to the SEC, on Nov 9, 2015, Paul J Guagliardo (Chief Commercial Officer) sold 851 shares at $30.14 per share price. On Jun 3, 2015, Paul A Gould (director) sold 2,644 shares at $32.91 per share price, according to the Form-4 filing with the securities and exchange commission.
Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).