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Comcast earnings beat estimates but sales fall short, high speed internet revenue up 10%

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Comcast's CEO joined SquawkCNBC to discuss earnings after reporting a beat on earnings per share but lower revenue than expected.

Comcast on Thursday reported first-quarter earnings that surpassed expectations, but revenue fell short. Closely watched data on new high-speed internet customers beat projections.

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 and has seen its stock rise 25% over the past 12 months.

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.

 

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