Comcast is reporting third-quarter net income of $2.65 billion, easily topping Wall Street expectations.
The Philadelphia company's per-share earnings came to 55 cents, or 52 cents when one-time benefits and charges are stripped away. That's 6 cents better than industry analysts had forecast, according to a survey by Zacks Investment Research.
The cable provider's revenue of $20.98 billion was short of Wall Street forecasts $21.11 billion, and shares edged lower before the opening bell Thursday.
Citation:
Comcast beats 3Q profit forecasts (2017, October 26)
retrieved 10 May 2024
from https://phys.org/news/2017-10-comcast-3q-profit.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.