Economy

Discovery Communications: Revenues Up 2%; Net Income Drops 8%

Discovery Communications: Revenues Up 2%; Net Income Drops 8%

The firm owned 28,798 shares of the company's stock after buying an additional 2,135 shares during the period. It is also expecting it to accretive to earnings per share and free cash flow in the first year after its completion. It will also buy back $2 billion in stock.

Discovery Communications, Inc. on 3/30/2017 reported its EPS as $0.66 with the analysts projecting the EPS of the stock as $0.54. Chevy Chase Trust Holdings Inc. now owns 132,537 shares of the company's stock valued at $3,856,000 after buying an additional 4,619 shares in the last quarter. Denali Advisors LLC increased its position in Discovery Communications by 1.8% in the first quarter.

ILLEGAL ACTIVITY NOTICE: "Discovery Communications, Inc".

The stock has a 50-day moving average price of $25.38 and a 200-day moving average price of $26.69.

More news: Women to be tried for Kim Jong Nam murder in October

The stock has a market capitalization of $10.90 billion, a P/E ratio of 12.87 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Monday, July 31st. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Each produces net profit margins in the high teens, with Discovery earning a net profit of $1.2 billion previous year.

As a result of "the ratings and impression softness in the US market", Scripps cut its full-year 2017 guidance for revenue growth to 4 percent from 6 percent and for segment profit to no change from 3 percent growth. After having $0.41 EPS previously, Discovery Communications Inc.'s analysts see 68.29 % EPS growth.

ILLEGAL ACTIVITY WARNING: "Discovery Communications, Inc". If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global trademark & copyright law. The original version of this report can be read at https://baseballnewssource.com/markets/xact-kapitalforvaltning-ab-has-1-88-million-stake-in-discovery-communications-inc-nasdaqdisca-updated-updated/1194865.html. Moffett Nathanson reiterated a "sell" rating on shares of Discovery Communications in a report on Friday, June 9th. Finally, TheStreet downgraded Discovery Communications from a "b-" rating to a "c+" rating in a research note on Wednesday, May 17th. The average analysts gave this company a mean recommendation of 3.00. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The total price of the deal is $14.6 billion including debt. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. About 8.07M shares traded or 355.93% up from the average.


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