Comcast beats 3Q profit forecasts
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.
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