Stock to Track: Discovery, Inc. (NASDAQ: DISCA)

On Thursday, Shares of Discovery, Inc. (NASDAQ: DISCA) showed the bearish trend with a lower momentum of -0.40% and ended its trading session at $27.56. The company traded total volume of 2.35M shares as contrast to its average volume of 5.64M shares. The company has a market value of $13.43B and about 487.30M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $15.99 and reached the max level of $28.78.

Discovery Communications Inc. (DISCK) stated a first-quarter loss of $8.0M, after reporting a profit in the same period a year earlier. The Silver Spring, Maryland-based Company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The operator of cable TV channels such as TLC and Animal Planet posted revenue of $2.31B in the period.

The Company offered net profit margin of -5.00% while its gross profit margin was 59.30%. ROE was recorded as -6.30% while beta factor was 1.52. The stock, as of recent close, has shown the weekly downbeat performance of -0.29% which was maintained at 23.15% in this year.

Penny Cook

Penny Cook is passionate about business and finance news with over 5 years in the industry starting as a writer working her way up into senior positions. She is the driving force behind www.nasdaqjournal.com with a vision to broaden the company’s readership throughout 2016. Cook is an editor and reporter of “Services” Category.

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