Investing.com - Shares of Comcast (NASDAQ:CMCSA) jumped in premarket trade on Wednesday, after the cable giant reported fourth-quarter earnings that beat expectations thanks to its NBCUniversal media unit and high-speed internet business.
Comcast reported adjusted earnings per share of 64 cents, beating expectations of 63 cents a share.
Total revenue came in at $27.85 billion, above estimates of $27.55 billion.
Revenue at the NBCUniversal division,which will launch a streaming service in early 2020, jumped 7.1%.
The company also announced that it will raise its quarterly dividend 10% in 2019 to 84 cents per share.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “2018 was a successful and pivotal year for Comcast. I’m pleased with the strong operational and financial results that we delivered across the company."
Comcast shares rose 3.2% in premarket trade to $36.25.
Comcast follows other major Services sector earnings this month
On January 17, Netflix reported fourth quarter EPS of $0.3 on revenue of $4.19B, compared to forecasts of EPS of $0.24 on revenue of $4.21B.
Prologis earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $0.94 on revenue of $679.2M. Investing.com analysts expected EPS of $0.42 on revenue of $661.86M
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