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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 2% 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….
Source cnbc.com
