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Will Discovery Communications (DISCA) Stock Fall on Q3 Miss?

NEW YORK (TheStreet) -- Discovery Communications (DISCA) posted weaker-than-expected earnings and revenue for the 2016 third quarter on Tuesday.

Before the market open, the Silver Spring, MD-based media company reported adjusted earnings of 40 cents per share, below analysts' estimates of 43 cents per share, according to FactSet.

Revenue of $1.56 billion missed Wall Street's projections of $1.57 billion.

"While we faced challenging but expected headwinds this quarter, Discovery is well positioned for long-term growth driven by our well-defined global brands...