Tuesday, Discovery Communications Inc. (DISCA, DISCB, DISCK) reported third-quarter net income available to Discovery Communications Inc., stockholders of $95 million or $0.22 per share, down from $134 million or $0.44 per share in the same quarter last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter increased to $854 million from $845 million in the comparable quarter last year. Analysts expected the company to report revenue of $849.62 m for the quarter.
Looking ahead to the full year 2009, the company expects total revenue in the range of $3.45 billion - $3.50 billion with net income available to Discovery Communications, Inc. stockholders in the range of $525 million - $550 million. Previously the company expected to report revenue in the range of $3.375 billion - $3.500 billion with net income available to stockholders of $500 million - $600 million. Analysts currently anticipate the company to earn $1.35 per share on revenue of $3.48 billion for the quarter.
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