Comcast posts earnings of 84 cents a share, matching expectations

July 24 01:58 2015

Comcast on Thursday delivered stronger-than-expected quarterly revenues and earnings that met analysts’ projections. The telecom giant’s revenue came in at $18.743 billion, a year-over-year increase of 11.3 percent. Comcast, CNBC’s parent company, reported adjusted second-quarter earnings per share of 84 cents. Comcast’s share price was up slightly in premarket trading Thursday. Wall Street had expected the company to deliver quarterly earnings per share of 84 cents on $18.14 billion in revenue, according to consensus estimates from Thomson Reuters.635603117341580976-COMCAST

“Our second quarter results, including 11.3% revenue growth and 8.0% operating cash flow growth, demonstrate the strength and momentum we are seeing across our businesses,” Chairman and CEO Brian Roberts said in a statement. “In Cable, high-speed Internet and business services continued to perform extremely well, and, significantly, this was the best second quarter video customer results we’ve had in nine years.”

The company said its total revenue per customer for the quarter rose 4.5 percent. Comcast’s free cash flow also rose 30 percent year-over-year from $1.16 billion to $1.50 billion. NBCUniversal’s revenue also rose 20.2 percent in the last year, driven mainly by a 92.7 percent year-over-year increase in its filmed entertainment revenues. The segment’s revenue rise was “driven by higher theatrical revenue from the record performances of “Furious 7″ and “Jurassic World,” the company said.