Comcast beats 3Q profit forecasts
Posted October 26, 2017 7:00 am
PHILADELPHIA (AP) - 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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at https://www.zacks.com/ap/CMCSA
In this Monday, March 27, 2017, photo, a Comcast worker performs work in Pittsburgh. More people are cutting their cable all of a sudden. Itâs partly because of the hurricanes in Texas and Florida, a temporary bump in the road. But itâs also because of competition from new online players. (AP Photo/Gene J. Puskar)
The Associated Press
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