Comcast beats by $0.02, misses on revenue
Investing.com
Published Oct 23, 2014 07:10AM ET
Comcast reports mixed Q3 earnings
Investing.com - Comcast Corporation (NASDAQ:CMCSA), the largest U.S. cable company, reported better-than-expected third quarter earnings, despite missing on revenue figures, it said on Thursday.
Comcast said adjusted earnings per share came in at $0.73 in the three months ending September 30, above expectations for earnings of $0.71 per share.
The company’s third quarter revenue totaled $16.79 billion, below forecasts for revenue of $16.83 billion.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "I am pleased to report strong revenue, operating cash flow and free cash flow growth for the third quarter of 2014."
Following the release of the report, Comcast (NASDAQ:CMCSA) shares jumped 1% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.3% at the open, the S&P 500 futures pointed to a rise of 0.4%, while Nasdaq 100 futures tacked on 0.4%.
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