Discovery Shares Slump Following Q4 Results Release


Discovery Communications, by all accounts, had a solid fourth quarter. It’s per-share earnings surpassed the Zacks Consensus Estimate by five cents, while also narrowly beating Zacks’ Q4 revenue projection.

That couldn’t stop investors from selling the MVPD-heavy company’s stock amid ongoing COVID-19 coronavirus concerns and what are likely long-term “cord cutting” statistics that may make Discovery’s long-term profit generation ever-more challenging.

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