Discovery (DISCA) Q4 Earnings Beat, Scripps Buyout On Track
Zacks Investment Research | Feb 26, 2018 10:57PM ET
Discovery Communications, Inc. (NASDAQ:DISCA) performed well in the fourth quarter of 2017, wherein revenues and earnings surpassed the Zacks Consensus Estimate.
The company’s earnings (excluding $2.46 from non-recurring items) of 47 cents per share surpassed the Zacks Consensus Estimate of 39 cents. The bottom line, however, declined 9.6% on a year-over-year basis owing to higher costs.
Discovery’s fourth-quarter revenues of $1,864 million improved 11.5% on a year-over-year basis. Also, the top line outpaced the Zacks Consensus Estimate of $1,783 million. In fact, revenue growth was witnessed across all major divisions of the company. Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 10% year over year.
Discovery Communications, Inc. Price, Consensus and EPS Surprise
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