Comcast: Q2 Earnings Snapshot
PHILADELPHIA (AP) — PHILADELPHIA (AP) — Comcast Corp. (CMCSA) on Thursday reported second-quarter net income of $11.12 billion.
The Philadelphia-based company said it had net income of $2.98 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The cable provider posted revenue of $30.31 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $29.84 billion.
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
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