Telecommunications company Comcast Corp. (NASDAQ: CMCSA) has reported an increase in adjusted earnings for the fourth quarter of 2022 when the company’s revenues rose modestly.
Total revenues moved up 1% annually to $30.55 billion in the final three months of fiscal 2022. The Cable Communications and NBCUniversal segments registered growth, which was partially offset by a decline in the Sky division revenues.
Adjusted earnings increased 7% year-over-year to $0.82 per share during the three-month period. Net income was $3.02 billion or $0.70 per share, compared to $3.06 billion or $0.66 per share last year.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is set to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
