Macquarie Upgrades Discovery Communications (DISCA) to Neutral

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Go back to Macquarie Upgrades Discovery Communications (DISCA) to Neutral

Discovery Communications Reports Second Quarter 2016 Results

August 2, 2016 7:01 AM EDT

SILVER SPRING, Md., Aug. 2, 2016 /PRNewswire/ -- 

Second Quarter 2016 Financial Highlights:    

Revenues increased 3% to $1,708 million (increased 6% excluding currency effects) DCI Net Income increased 43% to $408 million (increased 26% excluding currency effects) Diluted EPS increased 50% to $0.66 and Adjusted EPS increased 45% to $0.71 (increased 31% excluding currency effects) Repurchased $377 million of stock

 

Discovery Communications, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the second quarter ended June 30, 2016.

"Discovery posted a solid quarter of growth and financial results... More