UPDATE 1-Comcast results beat forecasts on broadband growth; 'Cats' hits NBC Universal unit [Reuters]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Reuters
Comcast results beat forecasts on broadband growth; 'Cats' hits NBC Universal unit (Reuters) - Comcast Corp ( CSA.O ) on Thursday beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bombed at the box office. Management said on the earnings call that it expected accelerating cable TV subscriber declines, which helped push the stock down 1.3%. Other media company shares were also down. “With the rate adjustments that we are implementing in 2020 as well as the ongoing changes in consumer behavior, we expect higher video subscriber losses this year,” said Chief Financial Officer Michael Cavanagh. Pay TV companies have been raising rates instead of trying to hang on to bargain-chasers who are cutting cable service. In the fourth quarter Comcast lost 149,000 video customers, more than a loss of 139,000 estimated by rese
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News
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- Comcast Co. (NASDAQ: CMCSA) had its price target lowered by analysts at Wells Fargo & Company from $47.00 to $43.00. They now have an "equal weight" rating on the stock.MarketBeat
- Comcast Co. (NASDAQ: CMCSA) had its price target lowered by analysts at Scotiabank from $50.00 to $47.25. They now have a "sector perform" rating on the stock.MarketBeat
- Comcast Co. (NASDAQ: CMCSA) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $45.00 price target on the stock.MarketBeat
- 20 Richest Billionaires in Telecommunications [Yahoo! Finance]Yahoo! Finance
CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website