Comcast Reports Q3 Earnings Beat on EPS and Revenue
Comcast (CMCSA) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a Non-GAAP EPS of $1.07, surpassing estimates by $0.08, while revenue reached $29.3 billion, beating projections by $80 million. Despite the top-line beat, the company saw mixed results in its bottom line. Net income attributable to Comcast rose 3.5% to $3.45 billion, but adjusted net income experienced a decline of 7.3%, falling to $3.82 billion. The report also noted a decrease in adjusted EBITDA.
Tickers: $CMCSA
Topics: adjusted EBITDA earnings beat net income revenue growth