Discovery Communications Inc Issues FY 2012 Guidance; Revenue, Net Income Below Analysts' Estimates

Discovery Communications Inc announced that for fiscal 2012, it expects total revenue between $4.475 billion and $4.525 billion, Adjusted OIBDA between $2.125 billion and $2.150 billion, and net income of $975 million to $1.025 billion. This outlook incorporates the sale of the Creative Sound Services business in the third quarter of 2012, current foreign exchange rates for revenues and expenses and the current share price for mark-to-market equity-based compensation calculations. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $4.562 billion, EBITDA of $2.096 and net income of $1.056 billion for fiscal 2012.