Discovery Q2 Results Beat The Street. Why Did Its Stock Slide?


In the words of Zacks Equity Research, the second quarter 2021 results from Discovery Inc. “delivered earnings and revenue surprises” to the tune of 53.7% and 3.1%, respectively.

Yet, Discovery shares dipped below $27 a share in early trading on Tuesday and were off by 5% as of 11am Eastern. What are investors concerned about?

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