Share “Discovery 2Q profit rises 26 percent”

Discovery 2Q profit rises 26 percent

Published on NewsOK Modified: July 31, 2014 at 8:11 am •  Published: July 31, 2014

SILVER SPRING, Md. (AP) — Discovery Communications Inc. (DISCA) on Thursday reported profit that increased by 26 percent in its second quarter, and topped analysts' expectations.

The Silver Spring, Maryland-based company said profit increased to $379 million, or $1.09 per share, from $300 million, or 82 cents per share, in the same quarter a year ago.

Earnings, adjusted for amortization costs, were $1.16 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of 93 cents.

The operator of cable TV channels such as TLC and Animal Planet said revenue climbed 9.7 percent to $1.61 billion from $1.47 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $1.59 billion, according to Zacks.

Discovery Communications shares have decreased $6.71, or 7.4 percent, to $83.71 since the beginning of the year, while the Standard & Poor's 500 index has climbed 6.6 percent. However, the stock has increased $3.99, or 5 percent, in the last 12 months.


This story was generated automatically by Automated Insights ( ) using data from Zacks Investment Research. Full DISCA report:


Keywords:Discovery,Earnings Report


  1. 1
    Robert Bates' self-reported records appear to support allegations he patrolled before obtaining...
  2. 2
    Dispute: Was Cecil the lion's brother, Jericho, killed?
  3. 3
    An Oklahoma Immigrant's Experience, Recast As Noir, In 'Dragonfish'
  4. 4
    Summer well spent: Youths shadow professionals in mentoring program
  5. 5
    Norman residents disturbed after seeing vulgar, racist graffiti on homes, vehicles
+ show more


× Trending business Article