Nearly 16 years ago, Senator Sheldon Whitehouse received a closed-door briefing from the Bush administration about the impending financial crisis to shake the economy and crash the stock market.Shortly thereafter, Whitehouse took action, selling $600,000 worth of Comcast (NASDAQ: CMCSA) stock of a leading 5G network provider and other holdings in his portfolio, thus avoiding significant losses during the 2008 financial crisis. Fast-forward to the present: Senator Whitehouse recently divested his entire CMCS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to Exact Name of Registrant; State of Incorporation; Address and Telephone Commission File Number Number of Principal Executive Offices I.R.S. Employer Identi ...

Comcast (CMCSA) reported first-quarter 2024 adjusted earnings of $1.04 per share, which beat the Zacks Consensus Estimate by 6.12% and increased 13% year over year.Consolidated revenues increased 1.2% year over year to $30.05 billion and beat the Zacks Consensus Estimate by 1.12%.Domestic broadband average rate per customer increased 4.2% and drove domestic broadband revenue growth of 3.9% to $6.6 billion in the first quarter.Comcast lost 65K domestic broadband customers in the reported quarter. Moreover, i ...

Comcast  beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock streaming service and strong attendance at its theme parks.But shares of the company fell more than 5%.Peacock added 3 million subscribers in the first quarter, taking its total to 34 million and outpacing estimates of 2.32 million by Visible Alpha, thanks to higher investments that Comcast hopes will help it compete better with Netflix  and Disney+.Peacock added 3 million subscribers in the ...

Investors think Comcast is a sell today, but they may be wrong about that.Cable internet giant Comcast (CMCSA -6.71%) stock slipped 6% through 11:11 a.m. ET Thursday despite the company reporting better than expected sales and earnings for the first quarter of 2024.Analysts had forecast the communications company would earn only $0.99 per share (non-GAAP, or adjusted) on sales of $29.8 billion in Q1, but Comcast surprised to the upside with $1.04 per share in earnings and sales of $30.1 billion. Yet its sto ...

Comcast Corporation (NASDAQ:CMCSA) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Brian Roberts - Chairman, Chief Executive Officer Mike Cavanagh - President Jason Armstrong - Chief Financial Officer Dave Watson - President, Chief Executive Officer, Comcast Cable Marci Ryvicker - Executive Vice President, Investor Relations Conference Call Participants Ben Swinburne - Morgan Stanley Craig Moffett - Moffet Nathanson Jessica Reif Ehrlich - Bank of America Securities John Hodu ...

Comcast (CMCSA) reported $30.06 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $1.04 for the same period compares to $0.92 a year ago.The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $29.73 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +6.12%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Key TakeawaysComcast beat analyst estimates for first-quarter revenue and profit as its mobile service division and Peacock added subscribers in the period.However, cable and broadband each lost customers, continuing the downward trend for each of the divisions.Despite the earnings beat, shares fell after the opening bell Thursday. Comcast (CMCSA) beat analyst estimates for first-quarter revenue and profit Thursday but shares fell as cable and broadband subscriber numbers continued to decline. The company g ...

Comcast (CMCSA) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.12%. A quarter ago, it was expected that this cable provider would post earnings of $0.80 per share when it actually produced earnings of $0.84, delivering a surprise of 5%.Over the last four quarters, the company has s ...

Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but seeing higher programming costs erode profits in the Media unit. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. The Media division, which includes Peacock, reported a nearly 4% gain in revenue, to $6.4 billion. But higher operating expenses, notably higher programming expenses at Peacock, c ...