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Discovery Communications profit misses Wall Street estimates
February 14, 2013 / 12:20 PM / in 5 years

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.

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