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.
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