Comcast beats on earnings, but broadband woes continue

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.

United States United States Latest News, United States United States Headlines

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

Rupert Murdoch Pulls the Plug on News Corp.-Fox Corp. MergerIn a Tuesday letter to his board of directors, Murdoch said his proposed remarriage was ultimately “not optimal” for shareholders. That’s nice. One of his papers asked if there are too many Asians.
Source: thedailybeast - 🏆 307. / 63 Read more »

AmerisourceBergen Corp. is changing its name - Dallas Business JournalCEO Steven H. Collis said the 'new name better reflects who we are today and our impact across pharmaceutical care.”
Source: DallasBizNews - 🏆 525. / 51 Read more »