Comcast (NASDAQ:CMCSA) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Comcast ann
Comcast (NASDAQ:CMCSA) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Comcast announced earnings per share of $0.56 on revenue of $27.71B. Analysts polled by Investing.com anticipated EPS of $0.4863 on revenue of $26.81B.
Comcast shares are down 7% from the beginning of the year and are trading at $48.42 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 1.74% from the start of the year.
Comcast follows other major Services sector earnings this month
Comcast’s report follows an earnings missed by Netflix on January 19, who reported EPS of $1.19 on revenue of $6.64B, compared to forecasts EPS of $1.36 on revenue of $6.62B.
Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, compared to forecast for EPS of $1.17 on revenue of $34.49B.