Discovery Communications (DISCA) Releases Earnings Results, Beats Expectations By $0.13 EPS

Discovery Communications (DISCA) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $0.58. The company posted revenue of $1708.00 million in the period, compared to analysts expectations of $1709.64 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Discovery Communications. Shares were Reiterated by MKM Partners on Jul 18, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $28 .Shares were Downgraded by UBS on Jul 15, 2016 to ” Sell” and Lowered the Price Target to $ 24 from a previous price target of $30 .Shares were Downgraded by Bernstein on Jun 7, 2016 to ” Underperform” and Lowered the Price Target to $ 23 from a previous price target of $29 .

Discovery Communications closed down -0.17 points or -0.67% at $25.09 with 44,99,884 shares getting traded on Friday. Post opening the session at $25.21, the shares hit an intraday low of $24.71 and an intraday high of $25.23 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

Discovery Communications

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