Comcast Corporation reported a higher profit in its fourth quarter compared to the previous year, exceeding Wall Street estimates.
The company's net income was $3.26 billion, or $0.81 per share, an increase from the $3.02 billion, or $0.70 per share, reported in last year's fourth quarter.
When excluding certain items, the adjusted earnings of Comcast Corporation were $3.41 billion or $0.84 per share for this period.
The average market expectation was that the company would earn $0.79 per share, according to data compiled by Thomson Reuters. It should be noted that these predictions typically exclude special items.
The revenue for the quarter was $31.25 billion, a 2.3% increase from the $30.55 billion reported the previous year.
To summarize the earnings for Comcast Corporation in the fourth quarter using Generally Accepted Accounting Principles (GAAP):
- The earnings were $3.26 billion, compared to $3.02 billion the previous year.
- Earnings per share (EPS) were $0.81, compared to $0.70 the previous year.
- Analysts had estimated EPS at $0.79.
- The revenue was $31.25 billion, compared to $30.55 billion the previous year.
