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Comcast Corporation (CMCSA) Fourth-Quarter Review
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Posted on 02/05/10 at 11:32am by Ed Liston
Credit Suisse (ADR) (NYSE: CS) has reviewed the fourth-quarter results at Comcast Corporation (NASDAQ: CMCSA) in its tech daily report released yesterday. There were no major surprises in the fourth-quarter results reported by the company.
The revenue growth of 2.9% year-over-year was only slightly lower than Credit Suisse’s estimate of a 3% year-over-year growth. The company reported EBITDA of $3.41 billion, a 1.2% year-over-year increase. Credit Suisse’s estimate was $3.45 billion. The variance was mainly lower-than-expected revenue and a $81 million restructuring charge.
Credit Suisse has maintained a Neutral rating for Comcast Corporation, with a price target of $18.
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