Revenue Update on Discovery Communications(NASDAQ:DISCK)

Discovery Communications(NASDAQ:DISCK) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.672B. Analysts estimated a revenue of $1.690B. The revenues were -1.07% below the estimates. Earnings per share were $0.56. The reported EPS was above estimates by 19.15%. Analysts had estimated an EPS of $0.47.

Discovery Communications (DISCK) shares turned negative on Wednesdays trading session with the shares closing down -0.23 points or -0.80% at a volume of 10,08,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.95. The peak price level was also seen at $28.95 while the days lowest was $28.445. Finally the shares closed at $28.64. The 52-week high of the shares is $29.07 while the 52-week low is $22.43. According to the latest information available, the market cap of the company is $11,131 M.

Discovery Communications Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms including pay-TV free-to-air and broadcast television Websites digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks consisting of domestic television networks and Websites; International Networks consisting of international television networks and Websites and Education and Other. The Company’s U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Company’s International Networks segment consists of national and pan-regional television networks. The Company’s Education and Other segment consists of curriculum-based product and service offerings and production studios. The Company’s subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding LLC (DCH).

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