“Comcast beats estimates despite slowing broadband growth, higher Peacock losses”
April 27, 2023
“Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses.
Shares of the company rose more than 4% in premarket trading. The stock is up more than 4% so far this year through Wednesday’s close.
Here’s how Comcast performed, compared with estimates from analysts surveyed by Refinitiv:
- Earnings per share: 92 cents adjusted vs. 82 cents expected
- Revenue: $29.69 billion vs. $29.3 billion expected
For the quarter ended March 31, Comcast reported earnings of $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share, a year earlier. Adjusting for one-time items, Comcast posted earnings per share of 92 cents for the most recent period…”
https://www.cnbc.com/2023/04/27/comcast-cmcsa-q1-2023-earnings-.html