Discovery Communications (DISCA) Misses Q3 EPS by 11c

Discovery Communications (NASDAQ: DISCA) reported Q3 EPS of $0.43, $0.11 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.64 billion.

• Revenues increased 6% to $1,651 million (increased 4% excluding currency effects)
• DCI Net Income of $218 million was consistent with the prior year (increased 14% excluding currency effects)
• Diluted EPS increased 6% to $0.38 and Adjusted EPS increased 8% to $0.43 (increased 18% excluding currency effects)
• Repurchased $102 million of stock

“Advertising and global distribution revenue growth helped to drive solid third quarter results for Discovery,” said David Zaslav, President and CEO, Discovery Communications. “We continued to focus on investments to strengthen our worldwide IP portfolio as well as strategic partnerships to nourish global superfans across every screen, platform and service. Additionally, we are excited by the prospects for a combined Discovery and Scripps as we continue to make progress on the transaction to create a global leader in real life entertainment.”

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

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