Comcast (CMCSA) jumps after topping q1 estimates, Peacock subscribers rise over 60%
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April 27, 2023 7:04 AM EDT
By Helen Coster and Eva Mathews
(Reuters) -Comcast Corp on Thursday said it beat quarterly profit forecasts on sustained demand for its broadband services and rising theme park attendance, giving the media giant a lift days after it fired NBCUniversal's chief for sexual harassment.
The company's shares rose 4% as the report showed a smaller-than-expected 4.3% drop in total revenue to $29.69 billion in the first quarter. Analysts had estimated $29.30 billion, according to Refinitiv data.
Comcast said on Monday that NBCUniversal's chief executive, Jeff Shell, had been fired for sexual harassment after an investigation found evidence that corroborated a female employee's... More
April 27, 2023 7:01 AM EDT
Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.92, $0.10 better than the analyst estimate of $0.82. Revenue for the quarter came in at $29.69 billion versus the consensus estimate of $29.34 billion.
"We delivered strong first quarter results as our team executed exceptionally well," said Brian L.... More
