News Formal

Comcast shares fall despite earnings beat

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

'I think there is a bifurcation in the market.' Comcast CEO Brian Roberts discusses the company's pivot to streaming and the launch of streaming service Peacock. He says the cable and broadband business powered Q4.

Comcast CEO Brian Roberts announced the company is increasing its dividend by 10% to 92 cents per share on an annualized basis for 2020.Here are the results compared with analyst expectations:Revenue:442,000 net adds vs. 378,000 net adds expected, according to FactSet estimates

The company reported a net drop in video customers of 149,000 for the fourth quarter, which was higher than the expected loss of 139,000 and worse than what it reported a year earlier, when it reported a net loss of 29,000 video customers. Theatrical revenue for NBCUniversal slumped 21% from a year earlier. The company blamed the decline on the disappointing performance of "Cats," which had aat the box office in December. Comcast also cited the strength of film releases in the prior year's fourth quarter, including "The Grinch" and "Halloween."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Comcast shares rise after beat on earnings'I think there is a bifurcation in the market,' Comcast CEO Brian Roberts discusses the company's pivot to streaming and the launch of streaming service Peacock. He says the cable and broadband business powered Q4. lol CNBC just bring Madoff on as a guest you know you want to... Not local white trash msnbcLockup rackets BofA_Business access i,,own i,,finance i,,re:finance i,,USNavyCNO alwayschoice SocialStudiesDr popalock delusional theory registry mechanics office grids adt delusional theory Chaosxsilencer Ancestry passportIrl WDCreators
Source: CNBC - 🏆 12. / 72 Read more »

Comcast is set to report earnings before the bell. Here's what the Street expectsComcast's fourth-quarter earnings come one week after it unveiled its new streaming service, Peacock.
Source: CNBC - 🏆 12. / 72 Read more »

American Airlines posts slight earnings beat despite Max problems
Source: CNBC - 🏆 12. / 72 Read more »

Southwest Airlines beat earnings estimates despite hit from grounded Boeing 737 MaxSouthwest Airlines beat fourth-quarter estimates.
Source: CNBC - 🏆 12. / 72 Read more »