Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Earnings

Comcast Stock (Nasdaq: CMCSA) Up on Earnings Growth, Despite Little Help from NBC

By Jim Bach, Associate Editor, Money Morning • @JimBach22 • July 22, 2014

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Comcast Corp. (Nasdaq: CMCSA) saw second quarter sales up 3.5% and profits up 14.9% on its earnings release this morning (Tuesday), for an earnings per share (EPS) of $0.76. While Comcast sales were below analyst estimates, according to data from Yahoo! Finance, Comcast stock was still trading up in the morning 1.7% at $54.75.

Comcast stockCMCSA announced $16.8 billion in revenue and $1.99 billion in profits this quarter, both up from the same reporting period last year. The cable industry leader beat the average analyst estimate of $0.72 earnings per share on the quarter, though it fell short of the $16.95 billion revenue estimate and the 4.2% sales growth figure.

Revenue from cable communications increased 5.4% to $11 billion, with the biggest boosts coming from a 9.7% increase in high-speed internet sales and a 22.4% increase in business services revenue.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
The cable giant saw its best second quarter for high-speed internet in six years with 203,000 additional customers, while also increasing its home phone service customers by 137,000. However, it shed 144,000 customers from its video subscriber business. Despite the loss of video customers, it was the best performing second quarter for that division of the business in six years.

Here's more on what Comcast's earnings tell investors about the direction of Comcast stock going forward.

CMCSA's Long-Term Challenges and Strengths

Looking ahead, Comcast's television business will continue to face challenges because of competition from less traditional services such as Netflix Inc. (Nasdaq: NFLX), according to Morningstar analyst Michael Hodel, though it has to this point held together well.

"Comcast's traditional television business faces threats from emerging video offerings from the likes of Netflix," Hodel wrote in an investment note. "We believe Comcast has responded well to these threats thus far, building new platforms - such as its online site and iPad application - to enhance the options available to customers."

NBCUniversal, the media company that CMCSA owns, saw very modest revenue growth of 0.3%.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 6, 2023 • By Garrett Baldwin

Here's What Turned a Routine OPEC Meeting into a Quick Win

June 6, 2023 • By Tom Gentile

This Secret Options Pattern Is More Reliable than Price Movement

June 6, 2023 • By Shah Gilani

earnings
AI Is Going to Send This Stock Skyward - Buy It ASAP
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz