Comcast (CMCSA) Investors Tune-In Following Solid Q1 Results; Subs Increase 2.8%
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Comcast Corp. (Nasdaq: CMCSA) is catching some investor attention in after-hours trade following first-quarter earnings results from the Philadelphia, PA-based broadcaster.
Operating income in the quarter grew 14.9 percent from $1.935 billion to $2.224 billion, or $0.34 per share.
Revenue jumped 31.8 percent from $9.202 billion to $12.128 billion. Pro forma revs in the quarter, which adjusts the closing date of the NBC Universal acquisition, were $13.3 billion, flat year-over-year.
Analysts had been expecting EPS of $0.34 on sales of $12.99 billion.
Cable Video, High-Speed Internet and Voice customers increased 2.8 percent in the quarter from 47.702 million to 49.039 million.
CEO Brian Roberts commented, "We are off to a terrific start in 2011. Cable had an outstanding quarter with continuing momentum in both our residential and Business Services operations. We had particularly strong growth in high-speed Internet, consistent growth in voice services, and improving video customer results."
Comcast is trading 2.3 percent better post-market.
Operating income in the quarter grew 14.9 percent from $1.935 billion to $2.224 billion, or $0.34 per share.
Revenue jumped 31.8 percent from $9.202 billion to $12.128 billion. Pro forma revs in the quarter, which adjusts the closing date of the NBC Universal acquisition, were $13.3 billion, flat year-over-year.
Analysts had been expecting EPS of $0.34 on sales of $12.99 billion.
Cable Video, High-Speed Internet and Voice customers increased 2.8 percent in the quarter from 47.702 million to 49.039 million.
CEO Brian Roberts commented, "We are off to a terrific start in 2011. Cable had an outstanding quarter with continuing momentum in both our residential and Business Services operations. We had particularly strong growth in high-speed Internet, consistent growth in voice services, and improving video customer results."
Comcast is trading 2.3 percent better post-market.
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