Discovery Communications Inc. offers original and purchased programming in the U.S. andmore than 220 other countries and territories in over 40 languages. The company has reported higher-than-expected earnings in three of the last four quarters.

Currently, Discovery Communications has a Zacks Rank #4 (Sell), but that could definitely change following Discovery’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: The company’s first quarter 2017 earnings (on an adjusted basis) of 41 cents per share missed the Zacks Consensus Estimate of 49 cents per share. Earnings were below the year-ago figure by 10.87%.

Discovery Communications, Inc. Price and EPS Surprise

 

Discovery Communications, Inc. Price and EPS Surprise | Discovery Communications, Inc. Quote

Revenue: Discovery Communications reported revenues of $1,613 million, up 3.3% on a year over year basis. Revenues missed the Zacks Consensus estimate of $1,631.4 million.

Key Stats to Note: Quarterly adjusted operating income before depreciation and amortization (OIBDA) increased 5% year over year. During the quarter under review, the company shelled out $200 million on share buybacks.

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

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