Discovery Communications posts profit of $286 million in 2nd quarter

MarketsAssociated Press

Discovery Communications Inc. (DISCB) on Wednesday reported second-quarter earnings of $286 million.

The Englewood, Colorado-based company said it had net income of 44 cents per share. Earnings, adjusted for amortization costs, were 49 cents per share.

Continue Reading Below

The operator of cable TV channels such as TLC and Animal Planet posted revenue of $1.65 billion in the period.

Discovery shares have decreased 10 percent since the beginning of the year. The stock has declined 60 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DISCB at


Keywords: Discovery Communications, Earnings Report