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
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
