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 Stock (Nasdaq: CMCSA) Up on Earnings Growth, Despite Little Help from NBC
- The 8 Hot Stocks Starring in Today's M&A Mania
A burst of mergers and acquisitions dominated today's stock market news.
M&A activity year-to-date, driven by healthcare, pharmaceuticals, and telecommunications, has already topped $1 trillion. More billion-dollar deals were announced Monday in the healthcare and telecommunications sectors, as well as lucrative transactions in oil and tech.