Comcast, NBC up 3% in Q2: Comcast and NBC up on earnings report
Posted October 16, 2018 07:54:05Comcast and Comcast are up on adjusted earnings per share, with Comcast up $0.01 per share to $2.94 per share.
Comcast is up 1% for the quarter.
NBC is up 2%.
The earnings per-share jump is due to a 4% increase in net income, while Comcast was up 4%.
Comcast had a better quarter in 2018, but was still up 2% on adjusted EPS, compared to the year-ago quarter.
Comcast had a $3.5 billion net loss in 2018.
Composite results for the fourth quarter of 2018 were released today.
In addition to Comcast’s earnings report, the company also released its full fiscal 2018 report.
For Comcast, earnings per diluted share were $2 per share versus $1.19 per share for the year.
Net income was $1 billion versus $936 million in the year prior.
Revenue rose by 4% to $15.5bn versus $12.7bn a year earlier.
Adjusted EPS was $0 (from a year ago) to $0, a year-over-year increase of $0 to $1 per share and a year increase in the number of employees to 4,000 from 3,000.
Earnings per share were up $2 from a year before.
The company is expecting to report a net loss of $1bn in the third quarter of fiscal 2019, but that is down from a $1,600 gain in the previous quarter.
More on Comcast and Comcast in 2018: Computecommcast.com/comcastcomcast-company-s-results-comcast/computecomcastcom-company/2018/10/comsetecommccs-computex-comps-southeast-cometcom-september-2018-final-quarter/