PHILADELPHIA – PHILADELPHIA (AP) _ Comcast Corp. (CMCSA) on Thursday reported net income of $2.59 billion in its third quarter.
The Philadelphia-based company said it had profit of 99 cents per share. Earnings, adjusted for pretax gains, were 73 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The cable provider posted revenue of $16.79 billion in the period, which also topped Street forecasts. Analysts expected $16.78 billion, according to Zacks.
Comcast shares have dropped almost 1 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 4 per cent. The stock has increased almost 9 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. CMCSA stock research report from Zacks: http://www.zacks.com/ap/CMCSA
Keywords:Comcast,Earnings Report,Priority Earnings