Earnings: Discovery Revenue Rises for Q4, Full Year

Adjusted earnings per share beat estimates

Discovery Communications on Thursday reported full-year revenue climbing 23 percent and fourth quarter revenue rising 28 percent.

The company’s fourth quarter revenues climbed to $1.54 billion, up $337 million, in the fourth quarter ending Dec. 31. Net income rose to $289 million, or 81 cents per share, up from $224 million, or 61 cents per share, in the quarter a year earlier. But the company reported adjusted earnings per diluted share of 92 cents. Analysts had expected the company to book a profit of 89 cents per share.

Also read: Comcast Confirms $45.2B Time Warner Cable Purchase

Full-year revenues increased to $5.54

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