Business News: Discovery Earnings Miss, Despite Advertising Boom

[MikeLigalig.com]

Discovery Earnings Miss, Despite Advertising Boom

Better-than-expected advertising sales weren't enough to boost Discovery Communications' (DISCA) earnings above analyst estimates when it reported Q4 results early Thursday. The operator of Discovery Channel, TLC, Animal Planet, Science and other nonfiction networks, said Q4 EPS fell 29% to 61 cents, missing analyst expectations by 15 cents. But revenue rose 9% to $1.2 billion, in line with estimates. Shares sold off at the open, but were

Source: Discovery Earnings Miss, Despite Advertising Boom