Discovery Communications profit misses Wall Street estimates
Feb 14 (Reuters) - Discovery Communications Inc's quarterly profit fell short of analysts' estimates as revenue from U.S. networks, its biggest business, grew only 4 percent.
Net income from continuing operations available to Discovery stockholders fell to $224 million, or 61 cents per share in the fourth quarter, from $336 million, or 86 cents per share, a year earlier.
Analysts on average had expected earnings of 76 cents per share, according to Thomson Reuters I/B/E/S.
The company, whose cable networks include Discovery Channel, TLC and Animal Planet, said total revenue rose 8 percent to $1.2 billion.
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- The 10 Most Corrupt and Least Corrupt Countries in the World
- NSA gathers data on cellphone locations globally: report
- China's airspace zone has caused apprehension: Biden |
- JPMorgan warns 465,000 card users on data loss after cyber attack