Categories AlphaGraphs, Earnings, Technology
Comcast (CMCSA) stock gains as Q2 earnings top expectations
Telecommunications company Comcast Corp. (NASDAQ: CMCSA) reported lower earnings and revenues for the second quarter of 2020. The results, however, came in above the market’s projection and the company’s stock gained early Thursday.
Adjusted earnings dropped to $0.69 per share from $0.78 per share last year, but exceeded Wall Street’s prediction. Net income, on a reported basis, was $2.99 billion or $0.65 per share, compared to $3.13 billion or $0.68 per share in the second quarter of 2019.
Revenues declined 12% annually to $23.72 billion. Analysts were looking for a smaller amount. Total customer relationships in Cable Communications increased by 4% to 32.1 million.
Comcast’s stock closed the last trading session higher. The shares lost 3% in the past twelve months and dropped 3% since the beginning of the year.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
