Comcast (CMCSA) Beats Q4 Views on Solid Sub Gains; Boosts Buyback, Dividend

February 15, 2012 8:27 AM EST Send to a Friend
Shares of Comcast (Nasdaq: CMCSA) are indicated for a much higher open Wednesday following strong fourth-quarter earnings results.

Total revenue rose 55.7 percent from $9.72 billion during the same quarter last year to $15.04 billion, beating expectations calling for $14.87 billion in revs.

Net income rose 26 percent to $1.29 billion, or 47 cents per share, beating consensus views of 41 cents.

Throwing off even more cash this quarter ($1.9 billion versus $1.1 billion in the previous year), Comcast decided to boost its dividend 44 percent to 16.25 cents. At an annual rate of 65 cents, the dividend yields 2.4 percent, in-line with previous increases. Comcast also approved a new $6.5 billion buyback plan.

For customer additions, Comcast tacked on a total of 465,000. Notably, video customer losses fell dramatically, from 757 million last year to 17 million in the recent quarter.

NBCUniversal revs rose just 0.8 percent to $5.7 billion, as broadcast TV reported a 3.7 percent dip offset by a 5.3 percent gain in cable networks.

Comcast shares are about 6 percent better early Wednesday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings

Related Entities

Dividend, Earnings

Add Your Comment