Published on 25 Apr 2024 on Zacks via Yahoo Finance
Comcast (CMCSA) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Comcast CMCSA reported first-quarter 2024 adjusted earnings of $1.04 per share, which beat the Zacks Consensus Estimate by 6.12% and increased 13% year over year.Consolidated revenues increased 1.2% year over year to $30.05 billion and beat the Zacks Consensus Estimate by 1.12%.Domestic broadband average rate per customer increased 4.2% and drove domestic broadband revenue growth of 3.9% to $6.6 billion in the first quarter.Comcast lost 65K domestic broadband customers in the reported quarter. Moreover, it lost 487K video customers. Domestic wireless customer lines increased 21% compared with the year-ago quarter to 6.9 million, including net additions of 289K in the first quarter.Shares of CMCSA have lost 8.3% year to date compared with the Zacks Consumer Discretionary sector’s decline of 3.3%.
Comcast Corporation Price, Consensus and EPS Surprise
