Discovery, Inc. Class A (DISCA) is currently at $30.68, up $2.99 or 10.82%

 

-- Would be highest close since July 30, 2019, when it closed at $31.02

-- On pace for largest percent increase since Feb. 25, 2009, when it rose 12.59%

-- Earlier Thursday, Discovery reported third-quarter net income of $262 million, or 35 cents a share, compared with $117 million, or 16 cents a share, a year earlier. The sharp increase resulted partly from lower restructuring costs compared with a year ago, when Discovery was reorganizing after its $11.9 billion purchase of lifestyle TV giant Scripps Networks Interactive

-- Discovery said earnings per share on an adjusted basis were 87 cents, beating analysts' consensus of 82 cents

-- Currently up five of the past six days

-- Up 13.84% month-to-date

-- Up 24.03% year-to-date; on pace for best year since 2013, when it rose 42.44%

-- Down 33.6% from its all-time closing high of $46.21 on Dec. 30, 2013

-- Traded as high as $30.90; highest intraday level since July 31, 2019, when it hit $31.05

-- Up 11.59% at today's intraday high; largest intraday percent increase since Feb. 25, 2009, when it rose as much as 15.54%

-- Third best performer in the S&P 500 today

 

All data as of 2:28:33 PM

 

Source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 07, 2019 14:49 ET (19:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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