Market Overview

Comcast Shares Move On Q2 Earnings (CMCSA)


Wednesday morning, Comcast (NASDAQ: CMCSA) released earnings for the three month period ended June 30. EPS jumped to $0.65 and revenue came in at $16.27 billion. These are 3.17 percent and 1.62 percent beats.

Year-over-year revenue and operating income are up seven and 11.6 percent, respectively. The company also increased its investment with capital expenditures up 17.1 percent year over year.

Comcast saw a 5.8 percent revenue increase in their cable communications division, an 8.9 percent jump in NBCUniversal, a 21.3 percent jump in NBCUniversal OCF, and a 1.1 percent increase in theme park revenue.

Related: Fox's Wolverine Takes Top Spot at the Box Office, Universal's Despicable Me Falls to Number 3

CEO Brian Roberts commented: “We are pleased with our results this quarter. Cable had outstanding growth, particularly in high-speed Internet, and NBCUniversal had strong performance across all of its businesses. Our focus on delivering innovative products and a superior customer experience is driving our success, including stronger video, voice and business services results in cable.”

Shares of Comcast are up more than three percent in the pre-market to $38.40.

Posted-In: Brian RobertsEarnings News


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