Discovery Q2 Results Beat The Street. Why Did Its Stock Slide?

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In the words of Zacks Equity Research, the second quarter 2021 results from Discovery Inc. “delivered earnings and revenue surprises” to the tune of 53.7% and 3.1%, respectively.


Yet, Discovery shares dipped below $27 a share in early trading on Tuesday and were off by 5% as of 11am Eastern. What are investors concerned about?

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