Discovery Communications Misses Estimates (DISCA)

Silver Spring, Maryland-based Discovery Communications, Inc. DISCA released financial results on Friday morning. Discovery Communications, Inc reported that its 4th quarter net income climbed to $205 million, or 48 cents per share, up from $155 million, or 36 cents per share, a year earlier. Discovery Communications, Inc reported revenue of $1.02 billion, up 7% from $950 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 52 cents per share, on revenue of $1.03 billion. The company forecast full-year 2011 net income available to Discovery Communications, Inc. stockholders of $925 million to $1,000 million, on revenue between $4,000 million and $4,100 million. Discovery Communications, Inc. (DISCA) closed the previous trading day at $43.25 per share. Analysts covering the company's stock give it a consensus price target of $45.30 per share. Discovery Communications, Inc is the world's number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 180 countries. Read more from Benzinga's Company news.