Telecommunications company Comcast Corp. (NASDAQ: CMCSA) reported lower earnings and revenues for the third 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 $0.65 per share from $0.79 per share last year, but exceeded Wall Street’s prediction. Net income, on a reported basis, was $2.02 billion or $0.44 per share, compared to $3.22 billion or $0.70 per share in the third quarter of 2019.
Revenues declined 4.8% annually to $25.53 billion during the three-month period. Analysts were looking for a smaller top-line amount. Total customer relationship net additions in cable communications were a record of 556,000.
Comcast’s stock closed the last trading session lower but gained about 2% during Thursday’s pre-market session, immediately after the announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than
Urban Outfitters, Inc. (NASDAQ: URBN) reported third quarter 2021 earnings results today. Net sales decreased 1.8% year-over-year to $970 million. Net income was $77 million, or $0.78 per share, compared to
After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed