Discovery Communications (DISCA) Misses Q3 EPS by 1c

November 1, 2016 7:04 AM EDT
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Discovery Communications (NASDAQ: DISCA) reported Q3 EPS of $0.40, $0.01 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.57 billion.

"While we faced challenging but expected headwinds this quarter, Discovery is well positioned for long-term growth driven by our well-defined global brands, differentiated content and favorable distribution agreements," said David Zaslav, President and CEO, Discovery Communications. "We have continued to strengthen and maximize our traditional pay-TV offering with robust new programming while aggressively exploiting new opportunities to leverage our content across numerous digital platforms around the world. Amid an ever shifting global media ecosystem, Discovery is evolving to reach more consumers on more screens and platforms than ever before."

For earnings history and earnings-related data on Discovery Communications (DISCA) click here.

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