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.

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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.

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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 DISCB at http://www.zacks.com/ap/DISCB

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Keywords: Discovery Communications, Earnings Report