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Discovery (DISCA) Q2 Earnings Miss Estimates, Revenues Up Y/Y
Discovery DISCA reported second-quarter 2019 adjusted earnings of 98 cents per share that missed the Zacks Consensus Estimate by a penny.
Adjusting for tax benefit worth $455 million or 64 cents per share and after-tax restructuring and other charges of $8 million or 1 cent per share, earnings were $1.61 per share, up almost 144% year over year.
Revenues increased 1.4% year over year to $2.89 billion and beat the consensus mark of $2.88 billion. The year-over-year growth was driven by an increase in advertising (56.1% of revenues) and distribution (41.8% of revenues) revenues.
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https://finance.yahoo.com/news/discovery...04116.html
![[Bild: DISCAc1dl1556.png]](https://finviz.com/publish/080619/DISCAc1dl1556.png)
Discovery DISCA reported second-quarter 2019 adjusted earnings of 98 cents per share that missed the Zacks Consensus Estimate by a penny.
Adjusting for tax benefit worth $455 million or 64 cents per share and after-tax restructuring and other charges of $8 million or 1 cent per share, earnings were $1.61 per share, up almost 144% year over year.
Revenues increased 1.4% year over year to $2.89 billion and beat the consensus mark of $2.88 billion. The year-over-year growth was driven by an increase in advertising (56.1% of revenues) and distribution (41.8% of revenues) revenues.
...
https://finance.yahoo.com/news/discovery...04116.html
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