Comcast (CMCSA) Tops Q2 EPS by 2c

Comcast (NASDAQ: CMCSA) reported Q2 EPS of $0.83, $0.02 better than the analyst estimate of $0.81. Revenue for the quarter came in at $18.74 billion versus the consensus estimate of $19 billion.

Cable Communications 2nd Quarter 2016 Highlights:

• Cable Communications Revenue Increased 6.0% and Operating Cash Flow Increased 5.7%
• Customer Relationships Increased by 115,000, an 83,000 Improvement from the Second Quarter of 2015
• Total Revenue per Customer Relationship Increased 3.0%
• Video Customers Net Losses Improved to 4,000, the Best Second Quarter Result in Over 10 Years; Nearly 40% of All Video Customers Now Have X1
• High-Speed Internet Customers Increased by 220,000, the Best Second Quarter Result in 8 Years
• Business Services Revenue Increased 17.0%

NBCUniversal 2nd Quarter 2016 Highlights:

• Broadcast Operating Cash Flow Increased 70.5%, Reflecting Growth in Content Licensing, Retransmission and Advertising Revenues
• Theme Parks Operating Cash Flow Increased 40.5%, Primarily Reflecting the Inclusion of Universal Studios Japan, as well as the Successful Opening of The Wizarding World of Harry PotterTM in Hollywood
• Cable Networks Operating Cash Flow Increased 8.3%, Driven by Higher Affiliate Revenue

For earnings history and earnings-related data on Comcast (CMCSA) click here.

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