Comcast topped analyst expectations for both revenue and earnings in the fourth quarter of 2019, though cord-cutting and a big box office decline provided some serious challenges. We’re (partially) looking at you, “Cats.”
Wall Street had forecast earnings per share (Eps) of 76 cents on $28.17 billion in revenue, according to a consensus compiled by Yahoo Finance. The NBCUniversal parent company actually reported Eps of 79 cents on $28.398 billion in revenue.
Both of those markers were up single digits on a percentage basis from the final quarter of 2018, though the adjusted earnings growth of 9.7% sure came close to making it double digits.
A net income increase of 25.9% should make investors happy this morning. As will Comcast’s announcement that it is upping dividends to 10%.
Also Read: Tina Fey-Produced Pop Star Comedy 'Girls5Eva' Ordered at Peacock
Universal’s theatrical revenue dropped 59.1% from the comparable quarter last year, when “Halloween” and “The Grinch...
Wall Street had forecast earnings per share (Eps) of 76 cents on $28.17 billion in revenue, according to a consensus compiled by Yahoo Finance. The NBCUniversal parent company actually reported Eps of 79 cents on $28.398 billion in revenue.
Both of those markers were up single digits on a percentage basis from the final quarter of 2018, though the adjusted earnings growth of 9.7% sure came close to making it double digits.
A net income increase of 25.9% should make investors happy this morning. As will Comcast’s announcement that it is upping dividends to 10%.
Also Read: Tina Fey-Produced Pop Star Comedy 'Girls5Eva' Ordered at Peacock
Universal’s theatrical revenue dropped 59.1% from the comparable quarter last year, when “Halloween” and “The Grinch...
- 1/23/2020
- by Tony Maglio
- The Wrap
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