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Broadband Growth Propels Comcast’s Q2 Earnings Beat (CMCSA)

By Dividend.com,  August 01, 2012, 08:54:05 AM EDT

Cable TV and Internet provider Comcast Corporation ( CMCSA ) on Wednesday posted a 32% gain in second quarter earnings, helped by strong growth in its broadband segment.

The Philadelphia-based company reported second quarter net income of $1.35 billion, or 50 cents per share, compared with $1.02 billion, or 37 cents per share, in the year-ago period.

Revenue rose 6.1% from last year to $15.21 billion.

On average, Wall Street analysts expected a smaller profit of 47 cents per share, on slightly lower revenue of $15.2 billion.

Comcast shares rose 70 cents, or +2.2%, in premarket trading Wednesday.

The Bottom Line
Shares of Comcast ( CMCSA ) have a 2.00% dividend yield, based on last night's closing stock price of $32.55. The stock has technical support in the $29-$30 price area. The stock is trading near all-time highs.

Comcast Corporation ( CMCSA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CMCSA



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