NEW YORK (TheStreet) -- Shares of Discovery Communications (DISCK) were falling 5.6% to $33.19 Tuesday after the media company guided below analysts' estimates for the full year, and despite beating estimates for the third quarter.
Discovery Communications reported earnings of 46 cents a share for the third quarter, beating the 41 cents a share analysts surveyed by Zacks Investment Research expected for the quarter. Revenue grew 14% year over year to $1.57 billion for the quarter, compared to analysts' estimates of $1.59 billion.
The company lowered its full-year revenue guidance to between $6.3 billion and $6.35 billion, down from between $6.45 billion and $6.53 billion. Analysts surveyed by Thomson Reuters expect revenue of $6.42 billion 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 (DISCK) a BUY. This is driven by several positive factors, 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."