Comcast Corp. (NASDAQ: CMCSA) has reported a sharp increase in adjusted earnings for the second quarter of 2023 when the telecommunications company’s revenues rose modestly.
Total revenues moved up 2% annually to $30.5 billion in the June quarter. Revenues of the Connectivity & Platforms segment remained broadly unchanged, while Content & Experiences revenue moved up 4%.
Adjusted earnings increased 12% year-over-year to $1.13 per share during the three-month period. Net income was $4.25 billion or $1.02 per share, compared to $3.40 billion or $0.76 per share in the prior-year quarter.
The consistent investments we’ve been making in our growth businesses continue to generate strong results and position us extremely well both now and into the future. Second quarter operational and financial performance was excellent and included a double-digit increase in Adjusted EPS and significant free cash flow generation,” said Brian Roberts, Comcast’s CEO.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings