Comcast Corp reported first-quarter profit on Thursday that beat Wall Street est...
- Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by strong additions of high-speed internet customers in a quarter that painted another mixed picture for the biggest U.S. cable provider.
Overall revenue missed analyst estimates and Comcast lost more video and phone customers than expected. Revenue from its NBCUniversal cable networks, filmed entertainment and theme parks also fell short of expectations. Earnings per share did, however, exceeded expectations. Philadelphia-based Comcast said it lost 121,000 video customers in the quarter, more than the 29,000 it shed last quarter and the 109,000 estimated by analysts, according to research firm FactSet. In response, the company is striving to build new services on top of its broadband network.
Comcast is betting that its redesigned Xfinity X1 cable box, which uses a single menu to find content across live TV, on-demand and streaming services like Netflix, will help retain and attract subscribers. Filmed entertainment revenue rose 7.4 percent to $1.77 billion, boosted by movies including “How to Train Your Dragon: The Hidden World” and “Us” while theme park revenue slipped 0.4 percent to $1.28 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
These six stocks have 'upside' potential due to recent developments, Wall Street analysts sayCNBC combed through company research to find analysts from different industries singling out stocks in their coverage universes.
Consulte Mais informação »
Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
Consulte Mais informação »
Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding its results.
Consulte Mais informação »
Wall Street calls Tesla's autonomous plan 'half-baked,' doubts it can beat Lyft, Nvidia and GoogleTesla CEO Elon Musk touted robotaxis by 2020 on Tesla Autonomy Investor Day, and Wall Street's reaction? Not impressed.
Consulte Mais informação »
Asian shares fall despite strong Wall Street; dollar near 22-month highEquity markets in Asia faltered on Wednesday, amid losses in South Korea and wor...
Consulte Mais informação »
Boeing faces Wall Street in likely ‘lost year’ of financial fallout from 737 crisis
Consulte Mais informação »
Major Wall Street analysts are all bulled up on Lyft, but investors don't seem to careLyft shares swung between gains and losses on Tuesday after 10 Wall Street analysts initiated coverage of the recently public ride-hailing company.
Consulte Mais informação »
Wall Street opens higher as technology shares gainU.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbe...
Consulte Mais informação »
Wall Street dips ahead of earnings delugeU.S. stocks pulled back slightly on Monday as investors awaited a barrage of maj...
Consulte Mais informação »
Stocks end the day little changed as Wall Street braces for a corporate earnings delugeWe celebrated CNBC's 30th anniversary by ringing the closing bell at NYSE today. Stocks closed flat, with the S&P 500 holding above the critical 2,900 level.
Consulte Mais informação »