Discovery Communications Inc. DISCA 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.
Currently, Discovery has a Zacks Rank #3 (Hold), but that could definitely change following Discovery’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Discovery beats earnings. Our consensus earnings estimate called for EPS of 39 cents per share, and the company reported EPS of 47cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Discovery reported revenues of $1,557 million. This missed our consensus estimate of $1,560 million.
Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) decreased 9% year over year. Moreover, the company provided guidance for fiscal 2015 where revenue to expand in between 9 to 10% band while adjusted earnings to increase in low double digits. Likewise, adjusted OIBDA to increase in the mid-single digit range.
Furthermore, the management authorized a $2 billion increase to the existing share buyback program.
Check back later for our full write up on this Discovery earnings report later!
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