Comcast Posts Q3 Adjusted EPS of $1.07
CMCSA is trading near its 52-week low of $20.48 (7.7% above the low).
Summary
Comcast reported third-quarter adjusted EPS of $1.07, alongside EPS of 97c, in this Dow Jones flash. The print also included capital expenditures of $3.06B and free cash flow of $4.21B. Revenue detail showed Connectivity & Platforms revenue of $19.66B, Content & Experiences revenue of $10.54B, Business Services Connectivity revenue of $2.65B and domestic wireless service revenue of $1.05B. Context matters here: management already flagged worsening Q3 broadband subscriber losses at the September Goldman conference, and shares fell about 8% on that warning. The broadband trend and any update on the planned NBCUniversal separation will drive the read-through once the full release and call details are out.
At the time of this announcement, CMCSA was trading at $22.05 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $78.4B. The 52-week trading range was $20.48 to $32.86. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.