Discovery Communications, Inc. (DISCB) Posts Earnings Results, Misses Expectations By $0.04 EPS

Discovery Communications, Inc. (NASDAQ:DISCB) announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04, MarketWatch Earnings reports. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter.

Discovery Communications (DISCB) opened at 23.50 on Friday. Discovery Communications has a one year low of $23.35 and a one year high of $30.80. The company has a 50-day moving average price of $26.52 and a 200-day moving average price of $27.58. The firm has a market capitalization of $13.40 billion, a P/E ratio of 12.47 and a beta of 1.58.

Separately, Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, July 17th.

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About Discovery Communications

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

Earnings History for Discovery Communications (NASDAQ:DISCB)

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