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Discovery Communications (DISCA) Beats on Q4 Earnings (Revised)

Discovery Communications Inc. DISCA offers original and purchased programming in the U.S. and more than 220 other countries and territories in over 40 languages. The company reported higher-than-expected earnings in two of the last four quarters.

Currently, Discovery Communications has a Zacks Rank #4 (Sell), but that could definitely change following Discovery's fourth quarter 2016 earnings report.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this announcement below:

Earnings: The company's fourth quarter 2016 earnings (on an adjusted basis) of 56 cents per share beat the Zacks Consensus Estimate of 51 cents per share. Earnings were above of the year-ago figure by 47.37%.

Discovery Communications, Inc. Price and EPS Surprise

Discovery Communications, Inc. Price and EPS Surprise | Discovery Communications, Inc. Quote

Revenue: Discovery Communications reported revenues of $1,672 million, up 2% on a year over year basis. Revenues missed the Zacks Consensus estimate of $1,673.8 million.

Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 1% year over year. The company bought back shares worth $1,374 million in the fourth quarter of 2016.

(We are reissuing this article to correct a mistake. The original article, issued on February 14, 2017, should no longer be relied upon.)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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