Comcast Corporation (CMCSA) Releases Earnings Results, Beats Expectations By $0.05 EPS

Comcast Corporation (CMCSA) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.84 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.79. The company posted revenue of $18790.00 million in the period, compared to analysts expectations of $18637.13 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Comcast Corporation. Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 65 from a previous price target of $68 .Comcast Corporation was Upgraded by Argus to ” Buy” on Feb 5, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 67 from a previous price target of $68 .

Comcast Corporation opened for trading at $60.88 and hit $61.5 on the upside on Friday, eventually ending the session at $61.1, with a gain of 0.26% or 0.16 points. The heightened volatility saw the trading volume jump to 1,09,88,496 shares. Company has a market cap of $148,187 M.

In a different news, on Apr 22, 2016, Arthur R Block (EVP, GC and Secretary) sold 1,002 shares at $61.25 per share price. According to the SEC, on Mar 15, 2016, J Michael Cook (director) sold 12,066 shares at $59.00 per share price. On Mar 2, 2016, Lawrence J Salva (EVP & Chief Accounting Officer) sold 48,044 shares at $59.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Comcast Corporation is a media and technology company. The Company has two primary businesses Comcast Cable and NBCUniversal. The Company’s business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment and Theme Parks. Cable Communications consists of the operations of Comcast Cable a provider of video high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks regional sports and news networks international cable networks and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Company’s other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

Comcast Corporation

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