Comcast Corporation (CMCSA) Releases Earnings Results, Beats Expectations By $0.02 EPS

Comcast Corporation (CMCSA) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.83 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.81. The company posted revenue of $19269.00 million in the period, compared to analysts expectations of $18997.74 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Comcast Corporation. Company shares were Reiterated by Pivotal Research Group on Jul 7, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $74 .

Comcast Corporation closed down -0.06 points or -0.09% at $67.86 with 88,41,600 shares getting traded on Thursday. Post opening the session at $67.72, the shares hit an intraday low of $67.67 and an intraday high of $68.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 17, 2016, Kenneth J Bacon (director) sold 2,500 shares at $62.82 per share price. According to the SEC, on Jun 10, 2016, Judith Rodin (director) sold 245 shares at $62.83 per share price. On Jun 2, 2016, Neil Smit (Sr. EVP) sold 15,121 shares at $63.47 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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