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Comcast Corporation Message Board

  • bluecheese4u bluecheese4u Apr 30, 2009 10:39 PM Flag

    Comcast Reports First Quarter 2009 Results

    Comcast Reports First Quarter 2009 Results
    Consolidated Revenue Increased 5%
    Consolidated Operating Cash Flow Increased 8%
    Consolidated Operating Income Increased 16%
    EPS of $0.27 Increased 13%;
    Adjusted EPS Increased 42%
    Free Cash Flow Increased 95% to $1.4 Billion
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    PHILADELPHIA--(BUSINESS WIRE)--Apr. 30, 2009-- Comcast Corporation (NASDAQ:CMCSA, CMCSK) today reported results for the quarter ended March 31, 2009.

    Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “Our results for the first quarter mark a solid start to 2009, demonstrating the underlying strength of our subscription businesses and our ability to continue to manage effectively in a challenging environment. We achieved significant free cash flow growth, driven by lower capital expenditures and healthy growth across key metrics including revenues and operating cash flow. The continued strength of our financial position has enabled us to maintain investment in our businesses and execute on our strategic initiatives. Looking ahead, we remain focused on delivering superior products to our customers, strengthening our competitive position and building value for our shareholders over the long-term.”

    Consolidated Financial Results
    Revenue increased 5% in the first quarter 2009 to $8.8 billion, while Operating Cash Flow increased 8% to $3.4 billion and Operating Income increased 16% to $1.8 billion. This growth was due to solid operating results at Comcast Cable.

    http://www.cmcsk.com/phoenix.zhtml?c=118591&p=irol-newsArticle&ID=1282445&highlight=

 
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