Comcast Earnings Boosted by Internet Subscribers, but Video Subs Fall

24/7 Wall St.

Comcast-LogoComcast Corp. (NASDAQ: CMCSA) reported first-quarter 2015 results before markets opened Monday. The media giant posted adjusted diluted earnings per share (EPS) of $0.81 on revenues of $17.85 billion. In the same period a year ago, the company reported EPS of $0.71 on revenues of $17.41 billion. First-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.74 and $17.41 billion in revenues. Reported first-quarter EPS includes one-time gains of $0.02.

Of course the big news from Comcast came a couple of weeks ago when the company withdrew its $45 billion offer for Time Warner Cable when it became clear that federal regulators were set to oppose the deal.

During the first quarter of 2015, Comcast paid dividends totaling $572 million and repurchased 35.1 million of its common shares for $2 billion. As of March 31, 2015, Comcast had $8 billion available under its share repurchase authorization…

View original post 291 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s