Comcast: 3Q Earnings Snapshot

PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Thursday reported third-quarter profit of $3.22 billion.

On a per-share basis, the Philadelphia-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs, were 79 cents per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The cable provider posted revenue of $26.83 billion in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $26.86 billion.

Comcast shares have climbed 34% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has risen 28% in the last 12 months.


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The Associated Press