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Comcast beats on earnings, but broadband woes continue

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Comcast Corp. shares were rising in premarket trading Thursday after the company beat on fourth-quarter earnings expectations despite another sluggish...

Comcast Corp. shares CMCSA were rising in premarket trading Thursday after the company beat on fourth-quarter earnings expectations despite another sluggish quarter for its broadband business. The company recorded net income of $3.02 billion, or 70 cents a share, compared with $3.06 billion, or 66 cents a share, in the year-before quarter. On an adjusted basis, Comcast earned 82 cents a share, up from 77 cents a share a year before and ahead of the FactSet consensus, which was for 78 cents.

On an adjusted basis, Comcast earned 82 cents a share, up from 77 cents a share a year before and ahead of the FactSet consensus, which was for 78 cents. Revenue increased to $30.55 billion from $30.34 billion, while analysts were looking for $30.35 billion.

 

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