Comcast tops earnings estimates as Olympics propels the company

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Comcast beat third-quarter earnings estimates as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count.

The company beat on estimates as the Summer Olympics in Paris helped boost NBCUniversal’s revenue and Peacock’s subscriber count.Here is how Comcast is expected to perform, according to estimates from analysts surveyed by LSEG:For the quarter ended Sept. 30, net income was down 10% to $3.63 billion, or 94 cents a share, compared with $4.05 billion, or 98 cents a share, a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, fell 2% to roughly $9.

Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall This more than offset the decrease in adjusted EBITDA for the media segment, due to higher operating expenses related to the Olympics, as well as higher programming costs at Peacock and in other sports TV programming.

 

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