Comcast (CMCSA) Tops Q1 EPS by 3c

Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.71, $0.03 better than the analyst estimate of $0.68. Revenue for the quarter came in at $26.61 billion versus the consensus estimate of $26.75 billion.

COVID-19 Impacts

Our Cable Communications results, while strong in the first quarter 2020, will be negatively affected in the second quarter by the significant deterioration in domestic economic conditions in recent weeks and by the costs associated with our support of customer connectivity as the population increasingly works and learns remotely from home. NBCUniversal and Sky results also will be negatively impacted to a greater extent in the second quarter 2020. As a result, we expect the impacts of COVID-19 to increase in significance in the second quarter 2020 and to have a material adverse impact on our consolidated results of operations over the near-to-medium term.

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

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