Comcast Earnings: Here’s Why Shares are Up Now

Comcast Corporation (NASDAQ:CMCSA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.25%.

Comcast Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 30% to $0.65 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Rose 6.96% to $16.27 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Comcast Corporation reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.63. It beat the average revenue estimate of $16.01 billion.

Quoting Management: Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We are pleased with our results this quarter. Cable had outstanding growth, particularly in high-speed Internet, and NBCUniversal had strong performance across all of its businesses. Our focus on delivering innovative products and a superior customer experience is driving our success, including stronger video, voice and business services results in cable. NBCUniversal has real momentum, with solid growth in revenue and double-digit cash flow growth. We have a fantastic combination of cable and content businesses with many opportunities ahead.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 27.45% from $0.51 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.6. For the current year, the average estimate has moved down from a profit of $2.41 to a profit of $2.4 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)