Discovery Communications DISCA reported a better-than-expected fourth-quarter profit.
Its quarterly net income surged to $289 million, or $0.81 per share, versus $224 million, or $0.61 per share, in the year-ago period. Excluding items, it earned $0.92 per share.
Discovery's total revenue climbed 28% to $1.54 billion. However, analysts were expecting earnings of $0.89 per share on revenue of $1.55 billion.
Discovery shares closed at $82.86 yesterday.
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