Investors Push These 2 Profitable Stocks Post Earnings

Discovery Communications Inc (NASDAQ:DISCA) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Discovery Communications Inc rose to $336 million (86 cents per share) vs. $194 million (45 cents per share) in the same quarter a year earlier. This marks a rise of 75.9% from the year earlier quarter. Revenue rose 10.5% to $1.12 billion from the year earlier quarter. Discovery Communications Inc beat the mean analyst estimate of 69 cents per share. Analysts were expecting revenue of $1.11 billion.

David Zaslav, Discovery’s President and Chief Executive Officer said, “Discovery’s strong 2011 results and operating momentum exemplify the power and universal appeal of our non-fiction programming, as well as the opportunities inherent in the global distribution platform Discovery has built over the last 27 years. Through our continued focus on creating high-quality programming and leveraging that content around the globe, as well as across a growing number of digital and consumer platforms, we were able to take additional share of a strong global advertising market, build new brands and create additional growth drivers across our portfolio. Heading into 2012 we remain focused on taking market share globally while delivering value to our shareholders through sustained financial results and capital returns.”

Competitors to Watch: Scripps Networks Interactive, Inc. (NYSE:SNI), CBS Corporation (NYSE:CBS), Outdoor Channel Hldgs., Inc. (NASDAQ:OUTD), Liberty Media Corp (NASDAQ:LINTA), The Walt Disney Company (NYSE:DIS), News Corporation (NASDAQ:NWSA), Madison Square Garden, Inc. (NASDAQ:MSG), Time Warner Inc. (NYSE:TWX), and Point.360 (NASDAQ:PTSX).

Cabela’s Incorporated (NYSE:CAB) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Cabela’s Incorporated rose to $69.8 million (99 cents per share) vs. $66.3 million (95 cents per share) in the same quarter a year earlier. This marks a rise of 5.3% from the year earlier quarter. Revenue rose 5.3% to $983.7 million from the year earlier quarter. Cabela’s Incorporated reported adjusted net income of $1.06 per share. By that measure, the company beat the mean estimate of 99 cents per share. It beat the average revenue estimate of $963 million.

“Over the past three years, we have focused on improving profitability and after-tax return on invested capital, enabling us to accelerate growth initiatives,” said Tommy Millner, Cabela’s Chief Executive Officer. “Our strong revenue and profit results in the fourth quarter led to record profitability in our Direct and Retail segments for the full year 2011 and reassure us as we invest to accelerate growth over the next few years.”

Competitors to Watch: Big five Sporting Goods Corp. (NASDAQ:BGFV), Dick’s Sporting Goods, Inc. (NYSE:DKS), Sport Chalet, Inc. (NASDAQ:SPCHA), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Dover Saddlery, Inc. (NASDAQ:DOVR), Hibbett Sports, Inc. (NASDAQ:HIBB), West Marine, Inc. (NASDAQ:WMAR).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com