Comcast (CMCSA) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.04 per share a year ago.
Comcast Corp (NASDAQ:CMCSA) stock is down 6.6% in premarket trading, even after the company shared first-quarter earnings of $1.09 per share on $29.89 billion in revenue -- both topping analyst's expectations.
Comcast delivered first-quarter results slightly better than Wall Street expectations, but its shares fell in pre-market trading Thursday. Total revenue was $29.9 billion, a decline of a fraction of a percent from the year-earlier quarter. Adjusted earnings per share rose to $1.09 from $1.04.
Comcast reported a larger-than-expected decline in broadband customers in the first quarter on Thursday, hit by intense competition from wireless carriers that bundle mobile services with high-speed internet plans.
The cable and entertainment company posted better-than-expected earnings, but its broadband subscriber numbers dropped again.
Comcast reports first-quarter earnings before the bell on Thursday. Investors will be keen for updates on the company's broadband business as subscriber growth has stalled due to rising competition.
CMCSA's Q1 performance is expected to have benefited from broadband and wireless growth strategies, despite a declining broadband subscriber base.
Beyond analysts' top -and-bottom-line estimates for Comcast (CMCSA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
CMCSA launches five-year guarantee plan for Xfinity users, but increased competition suggests investors should hold the stock for now.
Comcast (CMCSA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Comcast unveiled a five-year price lock for its Xfinity Internet service on Tuesday, aiming to stem subscriber losses and bolster its broadband business as competition in the sector intensifies.
Comcast (CMCSA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.