Discovery Communications (DISCA) Beats On Q4 Earnings

Discovery Communications Inc. (DISCA - Free Report) offers original and purchased programming in the U.S. and more than 200 other countries with over 100 television networks. The company owns and operates nine national television networks in the U.S. The company has reported higher-than-expected earnings in two of the last four quarters.

Currently, Discovery Communications has a Zacks Rank #4 (Sell), but that could definitely change following Discovery’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: The company’s fourth quarter 2016 earnings (on an adjusted basis) of 56 cents per share beat the Zacks Consensus Estimate of 51 cents per share. Earnings were above of the year-ago figure by 47.37%.

Discovery Communications, Inc. Price and EPS Surprise

Discovery Communications, Inc. Price and EPS Surprise | Discovery Communications, Inc. Quote

Revenue: Discovery Communications reported revenues of $1,672 million, up 2% on a year over year basis. Revenues missed the Zacks Consensus estimate of $1,673.8 million.

Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 1% year over year. The company bought back shares worth $1,374 million in the fourth quarter of 2016.

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