Discovery posts 4Q profit

SILVER SPRING, Md. (AP) _ Discovery Communications Inc. (DISCK) on Tuesday reported fourth-quarter net income of $304 million.

On a per-share basis, the Silver Spring, Maryland-based company said it had profit of 52 cents.

The operator of cable TV channels such as TLC and Animal Planet posted revenue of $1.67 billion in the period.

For the year, the company reported profit of $1.19 billion, or $1.96 per share. Revenue was reported as $6.5 billion.

Discovery shares have climbed roughly 5 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.


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Keywords: Discovery Communications, Earnings Report