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)

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