Discovery Stock Sinks On Missed Q2 EPS


It’s turning out to be a grey and gloomy Monday for Silver Spring, Md.-based¬†Discovery Communications. As Wall Street digests the news that the pay-TV giant is acquiring¬†Scripps Networks Interactive¬†(not to be confused with broadcast radio and TV owner The E.W. Scripps Co.) for $14.6 billion, Discovery reported adjusted net earnings that missed analysts’ estimates by three cents per share.

The double whammy led to a sell-off of “DISCA” shares.

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