High-Speed Internet Pushes Comcast (CMCSA) to Q2 Win
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Price: $41.72 -0.14%
EPS Growth %: +13.3%
Financial Fact:
Net income from consolidated operations: 1.65B
Today's EPS Names:
BOSC, GASS, AAP, More
EPS Growth %: +13.3%
Financial Fact:
Net income from consolidated operations: 1.65B
Today's EPS Names:
BOSC, GASS, AAP, More
Trade CMCSA Now!
Comcast (Nasdaq: CMCSA) shares are trading higher Wednesday following its second-quarter earning release this morning.
Revenue increased 9.4 percent from $13.103 to $14.333 billion. The Street was looking for revs of $13.83 billion.
Net income increased 15.6 percent to $1.022 billion, or 37 cents per share. Adjusting for M&A costs and tax adjustments, earnings were a more robust 42 cents per share, better than the 41 cents expected on the Street.
Brian Roberts, Chairman and CEO of Comcast said, "We generated strong operating and financial results in the second quarter across our cable and content businesses. In cable we saw continued improvement in customer metrics, real strength in our high-speed internet service and strong momentum in business services. With faster internet speeds, new and easier ways to access and enjoy our services and more rapid innovations, we are consistently enhancing our customers’ experience. I am also pleased with the performance of NBCUniversal, which posted double-digit revenue growth in each of its segments. We are confident that the strategic investments we continue to make at NBCUniversal and Comcast Cable are strengthening our businesses, driving profitable growth and building value for our shareholders."
In the second quarter, combined video, high-speed internet and voice customers increased 18.2 percent to 99,000. Video saw a 238,000 drop in net adds, while high-speed customers increased 144,000.
Cable revs increased 1.3 percent to $4.941 billion; high-speed internet rose 10.3 percent to $2.186 billion.
Comcast is 1.6 percent higher early.
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Revenue increased 9.4 percent from $13.103 to $14.333 billion. The Street was looking for revs of $13.83 billion.
Net income increased 15.6 percent to $1.022 billion, or 37 cents per share. Adjusting for M&A costs and tax adjustments, earnings were a more robust 42 cents per share, better than the 41 cents expected on the Street.
Brian Roberts, Chairman and CEO of Comcast said, "We generated strong operating and financial results in the second quarter across our cable and content businesses. In cable we saw continued improvement in customer metrics, real strength in our high-speed internet service and strong momentum in business services. With faster internet speeds, new and easier ways to access and enjoy our services and more rapid innovations, we are consistently enhancing our customers’ experience. I am also pleased with the performance of NBCUniversal, which posted double-digit revenue growth in each of its segments. We are confident that the strategic investments we continue to make at NBCUniversal and Comcast Cable are strengthening our businesses, driving profitable growth and building value for our shareholders."
In the second quarter, combined video, high-speed internet and voice customers increased 18.2 percent to 99,000. Video saw a 238,000 drop in net adds, while high-speed customers increased 144,000.
Cable revs increased 1.3 percent to $4.941 billion; high-speed internet rose 10.3 percent to $2.186 billion.
Comcast is 1.6 percent higher early.
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