Discovery: 3Q Earnings Snapshot
ENGLEWOOD, Colo. (AP) _ Discovery Communications Inc. (DISCB) on Thursday reported third-quarter earnings of $117 million.
The Englewood, Colorado-based company said it had profit of 16 cents per share. Earnings, adjusted for amortization costs, were 52 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $2.59 billion in the period.
Discovery: 2Q Earnings Snapshot
ENGLEWOOD, Colo. (AP) _ Discovery Communications Inc. (DISCB) on Tuesday reported second-quarter profit of $216 million.
On a per-share basis, the Englewood, Colorado-based company said it had profit of 30 cents. Earnings, adjusted for amortization costs, came to 66 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $2.85 billion in the period.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
Charter Communications Inc., up $21.65 to $391.91
Bloomberg News reported that Japanese conglomerate SoftBank is considering buying Charter.
Discovery Communications Inc., down $2.20 to $24.60
The cable channel operator agreed to buy Scripps Networks Interactive for $90 a share, or almost $12 billion.
Range Resources Corp., down 76 cents to $21.11
Natural gas companies traded lower as the price of that fuel dropped.
Here are the 10 highest-paid CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm.
Discovery sees profit drop on higher costs
NEW YORK (AP) — Discovery Communications Inc. reported a 21.5 percent drop in third-quarter profit on higher costs as revenue remained flat.
Shares fell $1.10, or 4.3 percent, to $24.05 in morning trading.
The operator of cable TV channels including TLC and Animal Planet said profit fell to $219 million, or 36 cents per share, while revenue was flat at $1.56 billion.
Costs and expenses, meanwhile, rose 4.7 percent to just under $1.1 billion.