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Discovery Communications Inc Lowers FY 2013 Revenue And Net Income Guidance; Reaffirms EBITDA Guidance

Tuesday, 30 Jul 2013 07:01am EDT 

Discovery Communications Inc announced that for fiscal 2013, it expects total revenue between $5.55 billion and $5.62 billion, Adjusted OIBDA between $2.42 billion and $2.47 billion, and net income of $1.10 billion to $1.15 billion. The updated outlook incorporates the impact of the purchase price allocation associated with the SBS transaction, 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 EBITDA of $2.42 billion and net income of $1.20 billion for fiscal 2013. 

Company Quote

-1.355 -3.74%
4:00pm EDT