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Discovery Communications (DISCA) Tops Q1 EPS by 4c

May 6, 2014 7:14 AM EDT
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Price: $24.43 --0%

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Discovery Communications (NASDAQ: DISCA) reported Q1 adjusted EPS of $0.75, $0.04 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.43 billion.

David Zaslav, Discovery's President and Chief Executive Officer, said, "Discovery's strong organic growth continued during the first quarter as our unparalleled global reach and sustained investment in diverse and engaging content allowed us to capitalize on the growing demand for pay-tv programming worldwide. The larger audiences and consistent market share gains we are delivering are driving sustained financial results, even as we further invest in our platforms and integrate strategic acquisitions that will enhance our long-term growth prospects. As we look to the remainder of 2014, leveraging the significant opportunities across our existing asset portfolio remains our priority so we can maintain our financial momentum while further building long-term shareholder value."

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



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