Shares of Comcast (CMCSA) fell to their lowest level in more than two years Thursday when the cable and media giant's subscriber base dropped more than expected.
CNBC's David Faber breaks down Comcast's quarterly earnings results.
Comcast executives said Thursday the company's focus would shift to growing its mobile business after a bigger-than-expected loss of broadband customers. Broadband customer growth has lagged in recent quarters as competition from wireless providers has ramped up.
Comcast (CMCSA) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.84 per share a year ago.
The company raised its quarterly dividend by 6.5% to 8 cents a share.
The cable and entertainment company reported fourth quarter earnings of 96 cents a share, on revenue of $31.92 billion.
CNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates. Revenue of $31.9 billion topped the Street's expectations for $31.6 billion, while adjusted earnings per share of 96 cents were a dime better than the consensus forecast. In the Content & Experiences division, revenue rose 3.5% to $7.
Comcast surpassed fourth-quarter revenue estimates on Thursday as blockbuster holiday releases, including "Wicked", more than made up for a larger-than-expected decline in broadband customers.
Comcast reports fourth-quarter results before the bell on Thursday. Wall Street will be paying attention to the company's update on its broadband, streaming and theme park businesses, as well as the progress of the spinout of its cable TV networks.
Zacks.com users have recently been watching Comcast (CMCSA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
As more pay-TV operators embrace slimmer packages, Comcast Xfinity is rolling out Sports & News TV, a $70-a-month offering based on two foundational elements of programming. The $70 price is available only to customers who also have Xfinity internet service.