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Comcast beats by $0.03, misses on revenue

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Investing.com -

Investing.com - Comcast Corporation (NASDAQ:CMCSA), the largest U.S. cable company, reported better-than-expected second quarter earnings, despite missing on revenue figures, it said on Tuesday.

Comcast said adjusted earnings per share came in at 75 cents in the second quarter, above expectations for earnings of 72 cents per share.

The company's second quarter revenue totaled $16.48 billion, below forecasts for revenue of $16.97 billion.

High-Speed Internet customers increased by 203,000, the best second quarter net additions in six years.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "We continue to see strong momentum across our cable and content businesses."

Following the release of the report, Comcast (NASDAQ:CMCSA) shares jumped 1.1% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.25% at the open, the S&P 500 pointed to a rise of 0.2%, while Nasdaq 100 tacked on 0.3%.

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


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

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