Discovery Communications Inc. offers original and purchased programming in the U.S. and more than 200 other countries with over 100 television networks. The company owns and operates nine national television networks in the U.S. The company has reported higher-than-expected earnings in three of the last four quarters with an average beat of 6.02%.

Currently, Discovery Communications has a Zacks Rank #4 (Sell), but that could change following Discovery’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: The company’s third quarter 2016 earnings (on an adjusted basis) of 40 cents per share missed the Zacks Consensus Estimate of 43 cents. Earnings decreased from the year-ago figure by 15.0%.

Revenue: Discovery Communications reported revenues of $1,556 million, flat on a year over year basis. Revenues narrowly missed the Zacks Consensus estimate of $1,565 million.

Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) decreased 2% year over year. The company bought back shares worth $374 million in the reported quarter.

Check back later for our full write up on this Discovery Communications earnings report later!

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