© Reuters. Comcast Earnings, Revenue Beat in Q1
Investing.com – Comcast (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Comcast announced earnings per share of $0.86 on revenue of $31.01B. Analysts polled by Investing.com anticipated EPS of $0.8022 on revenue of $30.5B.
Comcast shares are down 5% from the beginning of the year, still down 28.07% from its 52 week high of $61.80 set on September 3, 2021. They are outperforming the Nasdaq which is down 20.17% 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 $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.75 on revenue of $68.08B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $24.62 on revenue of $68.01B, compared to forecast for EPS of $25.89 on revenue of $68.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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