By Dade Hayes Finance Editor Comcast delivered a mixed bag of first-quarter results, missing Wall Street expectations for revenue, but beating profit forecasts.
The media giant also warned investors of a “significant” hit to second-quarter results due to COVID-19. Adjusted earnings per share came in at 71 cents, down nearly 7% from the same quarter a year ago but ahead of consensus estimates for 68 cents.
Revenue of $26.6 billion slid a fraction from a year ago and also fell short of analysts’ expectation of $26.75 billion. The coronavirus has boosted some parts of Comcast’s business, with its cable unit seeing a 33% increase in upstream traffic and a 40% increase in WiFi data usage.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.