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SILVER SPRING, Md. (AP) _ Discovery Communications Inc. (DISCK) on Thursday reported first-quarter net income of $384 million, after reporting a loss in the same period a year earlier.
The Silver Spring, Maryland-based company said it had net income of 53 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 87 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $2.71 billion in the period.
Discovery shares have risen 25% since the beginning of the year. The stock has increased 28% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DISCK at https://www.zacks.com/ap/DISCK
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