|Bid||36.94 x 1400|
|Ask||36.95 x 800|
|Day's Range||35.96 - 37.42|
|52 Week Range||30.43 - 44.00|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||7.07|
|Earnings Date||Jan 23, 2019|
|Forward Dividend & Yield||0.76 (2.12%)|
|1y Target Est||44.07|
Comcast posted better-than-expected fourth quarter earnings Wednesday, and boosted its dividend by around 10% thanks to slowing customer departures from it video business amid increasing competition from ...
The Dow Jones Industrial Average trades higher Wednesday, getting a boost from solid earnings and rebounding from the previous session's sharp selloff.
Nice Quarter Entertainment has been a focus of mine in recent weeks. I remain long the Walt Disney Company . I recently made some dough (though less than I should have) shorting Netflix into earnings.
Corp.said its NBCUniversal media unit and high-speed internet business fueled growth in the fourth quarter. Overall, Comcast’s revenue increased 5.2% from the year-earlier quarter to $28.3 billion, when the effect of its acquisition of pay-TV operator Sky PLC is factored in. Excluding that year-earlier tax benefit, Comcast earnings grew 36% to 64 cents per share.
Comcast's (CMCSA) fourth-quarter results benefit from high-speed Internet, advertising, Filmed Entertainment, Cable Networks and Sky revenues.
Pro forma revenue, which assumes Comcast also owned Sky a year ago, grew 5.2 percent, the company said Wednesday. Key InsightsComcast’s profitable high-speed internet service attracted 351,000 new customers, roughly in line with a year earlier and close to analysts’ forecasts of 358,000. Comcast has been introducing faster internet service, hoping to attract more broadband customers to make up for the continued decline in cable-TV subscribers from cord cutting.The Philadelphia-based company lost 29,000 TV subscribers, which was slightly better than the 33,000 cable customers it shed a year ago and much better than the loss of 66,000 analysts had projected.
With the media industry so fixated on the cord-cutting trend and the shift to streaming, a simple point that often gets overlooked is that new streaming services require a good internet connection. Cable providers such as Comcast Corp. That means the same old cable giants whose steep monthly bills had consumers fed up and flocking to cheaper TV-entertainment options are actually still benefiting from the rise of streaming. While Comcast’s base of cable-TV subscribers shrank again in 2018, its number of broadband users rapidly increased, according to year-end results posted Wednesday morning.
Harry Potter, King Kong and the minions from Despicable Me still are pulling their weight for Philadelphia-based Comcast Corp.’s (Nasdaq: CMCSA) theme park division. The cable giant, which owns and operates Universal Parks & Resorts and Universal Orlando Resort, ended 2018 with positive growth in its leisure-based segment. Specifically, the theme park division's quarter ending Dec. 31 grew in revenue to $1.51 billion, up 3.5 percent from $1.46 billion for the same quarter last year.
Comcast said Wednesday that adjusted fourth-quarter earnings were 64 cents a share, up 36% from a year ago, with revenue rising 26% to $27.85 billion, topping analyst quarterly estimates.
Comcast stock has bounced to the 50-day EMA after a well-received earnings report, but adverse cycles could limit gains in coming weeks.
Comcast (CMCSA) delivered earnings and revenue surprises of 3.23% and 8.19%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Comcast has been investing in its high speed internet product, where it has added millions of new customers in the past few years. Excluding the impact of a one-time tax benefit that had lifted results in the year-ago quarter, Comcast made adjusted earnings of 64 cents a share on revenue of $27.8bn in the fourth quarter. For the full year, Comcast bled 370,000 cable TV subscribers, an acceleration from 2017, when it had lost 151,000.