Advertisement

Comcast reports 2Q earnings per share up 1.2%, revenue up 2.8%

By Andrew V. Pestano
Comcast on Wednesday reported a higher-than-expected second quarter performance. The company reported earnings per share of 83 cents and revenue of $19.27 billion, both beating expectations. File photo by Gil C/Shutterstock
Comcast on Wednesday reported a higher-than-expected second quarter performance. The company reported earnings per share of 83 cents and revenue of $19.27 billion, both beating expectations. File photo by Gil C/Shutterstock

PHILADELPHIA, July 27 (UPI) -- Comcast on Wednesday reported quarterly earnings per share of 83 cents and revenue of $19.27 billion, both beating expectations.

Comcast reported that operating income decreased 1 percent, while operating cash flow increased 3 percent.

Advertisement

In the same period last year, earnings were 84 cents per share while the company earned $18.74 billion in revenue. Analysts predicted second quarter 2016 earnings per share of 81 cents and revenue of $18.99 billion.

The Philadelphia-based company earned 115,000 new customers -- 28.1 million total -- across all its services, including video, high-speed Internet and voice customers. NBCUniversal, a subsidiary of Comcast and General Electric, saw revenue decrease 1.8 percent.

"I am pleased to report excellent results as our momentum continues across our businesses," Comcast Chairman and CEO Brian Roberts said in a statement. "Despite an expected difficult comparison to last year's record second quarter film slate, NBCUniversal achieved solid results, driven by strength in our TV businesses and Theme Parks."

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement