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Discovery: 2Q Earnings Snapshot

August 6, 2019

ENGLEWOOD, Colo. (AP) _ Discovery Communications Inc. (DISCB) on Tuesday reported second-quarter net income of $947 million.

On a per-share basis, the Englewood, Colorado-based company said it had net income of $1.33. Earnings, adjusted for one-time gains and costs, were 98 cents per share.

The operator of cable TV channels such as TLC and Animal Planet posted revenue of $2.89 billion in the period.

Discovery shares have risen 10% since the beginning of the year. The stock has risen 19% in the last 12 months.


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 https://www.zacks.com/ap/DISCB

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