Comcast: Q3 Earnings Insights

Shares of Comcast CMCSA fell 0.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 17.72% over the past year to $0.65, which beat the estimate of $0.52.

Revenue of $25,532,000,000 decreased by 4.83% year over year, which beat the estimate of $24,740,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Comcast hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 29, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/banx8jjf

Technicals

52-week high: $47.74

Company's 52-week low was at $31.70

Price action over last quarter: down 2.34%

Company Description

Comcast is made up of three parts. The core cable business owns networks capable of providing television, Internet access, and phone services to roughly 59 million U.S. homes and businesses, or nearly half of the country. About half the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in exclusive and proprietary content to build this position. The firm is also the largest pay-television provider in Italy and has a presence in Germany and Austria.