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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.
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(END) Dow Jones Newswires
February 26, 2019 07:37 ET (12:37 GMT)
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