Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
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.
Insight by the Trezza Media Group: Technology experts explore the use of IoT devices in this free webinar.
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
Copyright © 2019 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.