Why Discovery Communications Inc Stock Dropped Today
Shares of Discovery Communications Inc (NASDAQ: DISCK) sold off after the company said its subscriber loss accelerated, and also reported a lower profit than expected in its third-quarter earnings report. The stock closed down 10.1%.
Revenue increased 6%, or 4% in constant currency, to $1.65 billion, slightly ahead of expectations at $1.64 billion, while adjusted earnings per share ticked up 8%, to $0.43, though that missed estimates at $0.54.
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Source: Fool.com
