Comcast Corp Earnings Cheat Sheet: Revenue and Net Income Grow

S&P 500 (NYSE:SPY) component Comcast Corporation (NASDAQ:CMCSA) reported higher profit for the third quarter as revenue showed growth. Comcast provides cable and communications services to residential and commercial customers.

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Comcast Earnings Cheat Sheet for the Third Quarter

Results: Net income for Comcast Corporation rose to $908 million (33 cents per share) vs. $867 million (31 cents per share) in the same quarter a year earlier. This marks a rise of 4.7% from the year earlier quarter.

Revenue: Rose 51.1% to $14.34 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: The mean estimate for CMCSA was 40 cents per share. Analysts were expecting revenue of $14.24 billion.

Quoting Management: Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “I am pleased to report strong performance across key financial, operational and product areas. Cable had an outstanding quarter, led by continuing strength in high-speed Internet and business services. In addition, this marks the fourth consecutive quarter of improving customer metrics, including increased year-over-year high-speed Internet customer additions. We are driving product leadership and innovation and making significant progress in delivering improved service experiences for our customers. NBCUniversal’s results underscore the strength of our core cable networks business, as well as terrific momentum at the theme parks. Our goal for NBCUniversal is to improve and build brands, and to enhance long-term value. Overall, this quarter continued our momentum toward a successful integration.”

Key Stats:

The company has now seen net income rise in four straight quarters. In the second quarter, net income rose 15.6% while the figure climbed 8.9% in the first quarter and 6.6% in the fourth quarter of the last fiscal year from the year earlier.

Revenue has risen the past four quarters. Revenue increased 50.5% to $14.33 billion in the second quarter. The figure rose 31.8% in the first quarter from the year earlier and climbed 5.9% in the fourth quarter of the last fiscal year from the year-ago quarter.

Looking Forward: Expectations for the company’s next quarter performance are higher than they were ninety days ago. Over the past three months, the average estimate for the fourth quarter has risen to 45 cents per share from 44 cents. At $1.59 per share, the average estimate for the fiscal year has risen from $1.58 sixty days ago.

Competitors to Watch: Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Mediacom Communications Corp. (NASDAQ:MCCC), News Corporation (NASDAQ:NWSA), Liberty Global Inc. (NASDAQ:LBTYA), Charter Communications, Inc. (NASDAQ:CHTR), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO), DirectTV (NASDAQ:DTV), Dish Network (NASDAQ:DISH) and Entravision Communication (NYSE:EVC).

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(Source: Xignite Financials)