Wall Street’s breathing a sigh of relief this morning: Discovery’s share price is up 4.8% in pre-market trading after it crossed the low bar that analysts set for the cable networks company in Q1, which included a new distribution deal with Hulu and the consolidation of Discovery Family, formerly known as The Hub. This morning it reported that net income at $250 million increased 8.7% vs the period last year on revenues of $1.54 billion, up 8.9%.
Comment on Discovery Tops Q1 Earnings Expectations With U.S. Ad Sales +1%
David Lieberman, Deadline.com
Tue, 05/05/2015 - 4:23am
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