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Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10% [CNBC]
Last comcast corporation - class a earnings: 4/30 07:00 am
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Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10% Comcast The stock fell 1% in premarket trading. Here are the numbers Comcast reported: Comcast said its revenue miss was due in part to the difficulty in comparing this quarter with the first quarter of 2018, which included NBC's coverage of the Winter Olympics and Super Bowl. Comcast had beaten estimates on the top and bottom lines for the last two quarters Comcast said this quarter reflected its best quarterly EBITDA cable growth in over 10 years with a 9.8% increase to $5.7 billion. The increase reflects higher revenue despite a 0.8% increase in operating expenses. With analysts anticipating a decline in Comcast's video segment, the company has laid out plans to branch out further into streaming. This quarter, Comcast lost 121,000 video customers compared with 96,000 during the same period last year. Comcast-owned NBCUniversal, the parent company of CNBC, announced earlier this year that it
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