Discovery Communications Q4 Profit Decreases - Quick Facts

(RTTNews) - Discovery Communications Inc. (DISCA, DISCB, DISCK) reported fourth-quarter net income to company of $250 million or $0.38 per share, compared to $289 million or $0.41 per share, prior year. The company said its earnings decreased primarily due to higher restructuring costs and lower equity earnings during the quarter. Adjusted earnings per share was $0.43, for the quarter.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.68 billion from $1.54 billion last year. Analysts expected revenue of $1.71 billion for the quarter.