Comcast (CMCSA) Beats Q4 Views on Solid Sub Gains; Boosts Buyback, Dividend
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Price: $22.39 -0.18%
Revenue Growth %: -3.5%
Financial Fact:
Net income attributable to Comcast Corporation: 2.24B
Today's EPS Names:
OCCI, MAYS, CRMT, More
Revenue Growth %: -3.5%
Financial Fact:
Net income attributable to Comcast Corporation: 2.24B
Today's EPS Names:
OCCI, MAYS, CRMT, More
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Shares of Comcast (Nasdaq: CMCSA) are indicated for a much higher open Wednesday following strong fourth-quarter earnings results.
Total revenue rose 55.7 percent from $9.72 billion during the same quarter last year to $15.04 billion, beating expectations calling for $14.87 billion in revs.
Net income rose 26 percent to $1.29 billion, or 47 cents per share, beating consensus views of 41 cents.
Throwing off even more cash this quarter ($1.9 billion versus $1.1 billion in the previous year), Comcast decided to boost its dividend 44 percent to 16.25 cents. At an annual rate of 65 cents, the dividend yields 2.4 percent, in-line with previous increases. Comcast also approved a new $6.5 billion buyback plan.
For customer additions, Comcast tacked on a total of 465,000. Notably, video customer losses fell dramatically, from 757 million last year to 17 million in the recent quarter.
NBCUniversal revs rose just 0.8 percent to $5.7 billion, as broadcast TV reported a 3.7 percent dip offset by a 5.3 percent gain in cable networks.
Comcast shares are about 6 percent better early Wednesday.
Total revenue rose 55.7 percent from $9.72 billion during the same quarter last year to $15.04 billion, beating expectations calling for $14.87 billion in revs.
Net income rose 26 percent to $1.29 billion, or 47 cents per share, beating consensus views of 41 cents.
Throwing off even more cash this quarter ($1.9 billion versus $1.1 billion in the previous year), Comcast decided to boost its dividend 44 percent to 16.25 cents. At an annual rate of 65 cents, the dividend yields 2.4 percent, in-line with previous increases. Comcast also approved a new $6.5 billion buyback plan.
For customer additions, Comcast tacked on a total of 465,000. Notably, video customer losses fell dramatically, from 757 million last year to 17 million in the recent quarter.
NBCUniversal revs rose just 0.8 percent to $5.7 billion, as broadcast TV reported a 3.7 percent dip offset by a 5.3 percent gain in cable networks.
Comcast shares are about 6 percent better early Wednesday.
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