Discovery Communications (DISCA) Tops Q3 EPS by 4c

Discovery Communications (NASDAQ: DISCA) reported Q3 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.59 billion.

"Discovery's strong global organic growth and reach coupled with increasing contributions from our recent strategic acquisitions led to another quarter of solid results," said David Zaslav, President and Chief Executive Officer, Discovery Communications. "Our expansive content portfolio drove audience gains and boosted our market share around the world as we continued to benefit from the ongoing development of the global pay-TV market. Going forward, we remain committed to investing in world-class content, building the next generation of businesses and brands and leveraging our diversified and well-positioned worldwide assets to deliver consistent operational and financial results and long-term shareholder value."

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Cisco rating cut at HSBC as analyst sees a lack of catalysts
• Vivos Therapeutics posts 35% revenue gain but widens net loss