NEW YORK (TheStreet) -- Discovery Communications
(DISCA - Get Report) shares are up 1.3% to $84.80 on Thursday after reporting second quarter net income of $379 million, or $1.16 per diluted share, 18 cents better than analysts were expecting.
Revenue for the quarter came in at $1.61 billion, in line with analyst expectations for the quarter.
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TheStreet Ratings team rates DISCOVERY COMMUNICATIONS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:"We rate DISCOVERY COMMUNICATIONS INC (DISCA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
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