Investing.com - Comcast, the largest U.S. cable company, reported better-than-expected third quarter earnings, despite missing on revenue figures, it said on Wednesday.
Earlier in the day, in its third quarter earnings report, Comcast said adjusted earnings per share came in at USD0.65, above expectations for USD0.61 per share.
The company’s third quarter revenue totaled USD16.15 billion, missing forecasts for revenue of USD16.25 billion.
Following the release of the report, Comcast shares jumped 2.5% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.3% at the open, S&P 500 futures pointed to a rise of 0.25%, while the Nasdaq 100 futures indicated an advance of 0.5%.
Earlier in the day, in its third quarter earnings report, Comcast said adjusted earnings per share came in at USD0.65, above expectations for USD0.61 per share.
The company’s third quarter revenue totaled USD16.15 billion, missing forecasts for revenue of USD16.25 billion.
Following the release of the report, Comcast shares jumped 2.5% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.3% at the open, S&P 500 futures pointed to a rise of 0.25%, while the Nasdaq 100 futures indicated an advance of 0.5%.