Thursday, July 31, 2014

Discovery Beats Q2 Earnings Expectations With Strong Overseas Sales

CEO David Zaslav’s globalization efforts paid off in Q2 as Discovery Communication’s overseas operations helped to cover for weaknesses in the U.S. businesses. The company reported net income of $379M, +26.3% vs the period last year, on revenues of $1.61B, +9.8%. The top line was a hair above the $1.60B in the Street’s consensus estimate. Earnings at $1.09 a share were well above forecasts for 95 cents.






sourse Deadline.com http://ift.tt/1oPKGTV

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