UPDATE 1-Comcast beats revenue expectations as broadband growth offsets pandemic hit [Reuters]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Reuters
Comcast beats revenue expectations as broadband growth offsets pandemic hit (Reuters) - Comcast Corp ( CMCSA.O ) on Thursday reported second-quarter revenue that beat expectations, as strong sign-ups for broadband offset weaker advertising sales at cable networks and broadcast TV. “The company is really trying to lean into streaming,” said Chief Executive Officer Brian Roberts on the earnings call. Roberts also said the pandemic “feels like a new normal, at least for the balance of this year.” Shares were marginally down in the early trade. Excluding items, the company earned $0.69 per share, above analysts’ estimates of $0.55 per share. In the three months, Comcast gained 323,000 broadband subscribers, beating analysts’ average estimate of 247,000 net additions, according to research firm FactSet. Comcast’s NBCUniversal segment, which includes NBC Entertainment and Universal Pictures, reported revenue of $6.12 billion, down 25.4% from a year earlier. Revenue at the filmed entertain
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- 1/25/24 - Beat
CMCSA
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 3
- 4/15/24 - Form 8-K
- CMCSA's page on the SEC website