Needham & Company Maintains a 'Hold' on Discovery Communications (DISCA); 2Q11 Preview- No Changes

Needham & Company maintains a 'Hold' on Discovery Communications (NASDAQ: DISCA).

Needham analyst says, "We are maintaining our current estimates for DISCA, including our 2Q11 revenue estimate of $1.038B, (up 8% y/y), OIBDA of $504mm, (up 11% y/y), Operating Income of $474mm, (up 15% y/y), and EPS from Operations of $0.64, (up from $0.25 last year). DISCA’s growth is being driven by an improving advertising market and higher affiliate fees from cable operators."

For more ratings news on Discovery Communications click here and for the rating history of Discovery Communications click here.

Shares of Discovery Communications closed at $41.93 yesterday.

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