Comcast Earnings: Here’s Why Shares are Up Now

Comcast Corporation (NASDAQ:CMCSA) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.21%.

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Comcast Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 13.33% to $0.51 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 2.9% to $15.31 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Comcast Corporation reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.50. It missed the average revenue estimate of $15.41 billion.

Quoting Management: Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We are off to a solid start in 2013, with strong revenue and cash flow growth and record quarterly free cash flow. Cable’s results highlight revenue growth in every product, led by Video and High-Speed Internet, and overall customer growth, as we continue to effectively balance financial and customer performance. NBCUniversal’s businesses also generated strong first quarter performance, led by Film and Cable Networks. We completed the acquisition of NBCUniversal during the quarter and look forward to continuing to drive innovation and operational excellence to deliver superior entertainment and communications choices for consumers.”

Key Stats (on next page)…

Revenue decreased 3.93% from $15.94 billion in the previous quarter. EPS decreased 1.92% from $0.52 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 $0.56 to a profit $0.62. For the current year, the average estimate has moved up from a profit of $2.22 to a profit of $2.38 over the last ninety days.

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