Discovery 4Q Adjusted EPS Beats Estimates
February 26 2019 - 7:52AM
Dow Jones News
By Michael Dabaie
Discovery Inc. (DISCA) on Tuesday reported fourth-quarter
adjusted earnings that beat analysts' estimates.
The media company posted quarterly net income of $269 million,
or 38 cents a share. This compared with a loss of $1.1 billion in
the prior-year quarter.
On an adjusted basis, Discovery reported earnings of 82 cents a
share. Analysts polled by FactSet expected 78 cents.
Revenue was $2.81 billion, below the $2.83 billion analysts were
targeting.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
February 26, 2019 07:37 ET (12:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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