Comcast beats earnings expectations as NBCUniversal’s recovery takes shape
NY Post
Cable giant Comcast continued to benefit from rising demand for high-speed internet as customers work from home during the pandemic, helping it beat second-quarter earnings expectations.
The company added that entertainment division NBCUniversal, which includes Hollywood movie studio Universal Pictures, streaming service Peacock and Universal Studios theme parks, showed signs of a recovery after the pandemic squeezed those businesses. Comcast posted quarterly net income of $3.74 billion, or 80 cents a share, up 25 percent from a year earlier. Adjusted EPS totaled 84 cents as revenue rose 20.4 percent to $28.55 billion. Analysts were looking for EPS of 66 cents on revenue of $27.16 billion.More Related News
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