Investing.com - Comcast (NASDAQ:CMCSA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Comcast announced earnings per share of $1.01 on revenue of $30.02B. Analysts polled by Investing.com anticipated EPS of $0.9161 on revenue of $29.75B.
Comcast shares are down 13% from the beginning of the year, still down 29.82% from its 52 week high of $61.80 set on September 3, 2021. They are outperforming the Nasdaq 100 which is down 22.79% from the start of the year.
Comcast follows other major Communication Services sector earnings this month
Comcast's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.28 on revenue of $70.04B.
Meta Platforms had missed expectations on Wednesday with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.56 on revenue of $28.94B.
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