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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
