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
HD Stock: What’s in store for Home Depot after record second quarter
Home improvement is one of the top activities that kept Americans busy during the pandemic, a trend that enabled The Home Depot, Inc. (NYSE: HD) to beat the crisis and
Target (TGT) stock drops after Q2 earnings miss estimates; revenue up 4%
Department store chain Target Corporation (NYSE: TGT) reported a sharp decline in adjusted earnings for the second quarter of 2022, despite an increase in net sales. The bottom line also fell
Amazon (AMZN) stock remains a good bet despite poor results. Here’s why
Amazon.com, Inc. (NASDAQ: AMZN) became an inspiration for other players in the eCommerce sector as the online retailer successfully channelized its resources to tap into the spike in demand for
