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.
Discovery (NASDAQ:DISCB)
Historical Stock Chart
From Jun 2020 to Jul 2020 Click Here for more Discovery Charts.
Discovery (NASDAQ:DISCB)
Historical Stock Chart
From Jul 2019 to Jul 2020 Click Here for more Discovery Charts.