Discovery (DISCA) Q1 Earnings Beat, Revenues Up Y/Y

Discovery Inc. DISCA offers original and purchased programming in the United States and more than 220 other countries and territories in over 40 languages. The company completed the acquisition of the Scripps Networks Interactive during the first-quarter and changed its name from Discovery Communications to Discovery Inc.

Discovery currently operates through three reportable segments - U.S. Networks (50% of 2017 revenues), International Networks (47.7% of 2017 revenues) and Education (2.3% of 2017 revenues).

Zacks Rank: Currently, Discovery has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, that could change following Discovery’s first-quarter 2018 earnings report which has just released.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Discovery reported adjusted earnings (excluding restructuring costs and other Scripps related transaction costs, primarily legal and financial fees from legacy Scripps) of 53 cents per share, which beat the Zacks Consensus Estimate of 45 cents.

Revenues: Revenues of $2.31 billion was in line with the Zacks Consensus Estimate and grew 10% year over year on a pro-forma basis.

Key Stats: Discovery’s adjusted operating income before depreciation and amortization (OIBDA) declined 6% on a pro-forma basis.
 

Discovery Communications, Inc. Price

Discovery Communications, Inc. Price | Discovery Communications, Inc. Quote

 

Stock Price: Share price did not show any movement in the pre-market trading session.

Check back later for our full write up on this DISCA earnings report later!

 

 

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