Investing.com - Comcast (NASDAQ:CMCSA) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported adjusted earnings per share of $0.65 on revenue of $22.14B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $21.83B.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “This is an exciting and important time in Comcast’s history. To highlight a few of the achievements in our businesses this quarter, Comcast Cable’s EBITDA growth was the fastest in six years, and customer relationship growth accelerated, driven by the best broadband net additions for a third quarter in ten years."
Following the release of the report, shares in Comcast rose 1.7% in light pre-market trade.
For the year, Comcast shares are down 15.52%, under-performing the Nasdaq which is up 2.46% year to date.
Comcast follows other major Services sector earnings this month
On Wednesday, Visa (NYSE:V) reported fourth quarter EPS of $1.21 on revenue of $5.43B, compared to forecasts of EPS of $1.2 on revenue of $5.43B.
Verizon (NYSE:VZ) earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.22 on revenue of $32.61B. Investing.com analysts expected EPS of $1.19 on revenue of $32.49B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar