Comcast Earnings Cheat Sheet: Boosts Topline Growth

S&P 500 (NYSE:SPY) component Comcast Corporation (NASDAQ:CMCSA) reported higher profit for the second quarter as revenue showed growth. Comcast Corporation provides cable and communications services, offering a variety of entertainment and information to residential and commercial customers.

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Comcast Earnings Cheat Sheet for the Second Quarter

Results: Net income for the catv systems company rose to $1.02 billion (37 cents per share) vs. $884 million (31 cents per share) in the same quarter a year earlier. This marks a rise of 15.6% from the year earlier quarter.

Revenue: Rose 50.5% to $14.33 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CMCSA reported adjusted net income of 42 cents per share. By that measure, the company beat the mean estimate of 41 cents per share. It beat the average revenue estimate of $13.83 billion.

Quoting Management: Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We generated strong operating and financial results in the second quarter across our cable and content businesses. In cable we saw continued improvement in customer metrics, real strength in our high-speed internet service and strong momentum in business services. With faster internet speeds, new and easier ways to access and enjoy our services and more rapid innovations, we are consistently enhancing our customers’ experience. I am also pleased with the performance of NBCUniversal, which posted double-digit revenue growth in each of its segments. We are confident that the strategic investments we continue to make at NBCUniversal and Comcast Cable are strengthening our businesses, driving profitable growth and building value for our shareholders.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 8.9% and in the fourth quarter of the last fiscal year, the figure rose 6.6%.

From the first quarter, the company’s current liabilities fell to $8.23 billion from $13.75 billion.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 2 cents in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 31.8% to $12.13 billion in the first quarter. The figure rose 5.9% in the fourth quarter of the last fiscal year from the year earlier and climbed 7.8% in the third quarter of the last fiscal year from the year-ago quarter.

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).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

(Source: Xignite Financials)