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UPDATE: Discovery Posts Downbeat Q3 Profit

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Discovery Communications (NASDAQ: DISCA) reported weaker-than-expected third-quarter earnings.

Discovery's quarterly net income dropped to $214 million, or $0.57 per share, missing analysts' estimates of $0.63 per share.

Its revenue came in at $1.08 billion, versus analysts' expectations of $1.09 billion.

Discovery shares closed at $59.45 yesterday.

Posted-In: profitEarnings News

 

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